Business reporter
US President Donald Trump says he will make films that are made abroad with 100% tariffs. While he increases trade disputes with nations all over the world.
Trump said that he had authorized the US Ministry of Trade and the sales representative to start the process to collect the levy because the American film industry died “a very quick death”.
He accused a “concerted effort” of other countries that offer incentives for the bond of filmmakers and studios, which he described as “national security threat”.
“It is in addition to all other news and propaganda!” Trump said his truth on his social platform. “We want to be films that are made in America again!”
The US Minister of Trade Howard Lutnick replied to the last announcement and said: “We are there”.
However, the details of the move are unclear. Trump’s explanation did not say whether the tariff for American production companies would apply to produce films abroad.
Several important films recently produced by US studios were made outside of America, including Deadpool & Wolverine, Wicked and Gladiator II.
The governments of Australia and New Zealand have spoken out for their countries’ film industry.
“Nobody should have doubts that we will clearly use the rights of the Australian screen industry,” said Tony Burke, the Australian minister of interior affairs.
New Zealand Prime Minister Christopher Luxon told a press conference that his government was waiting for further details of the proposed tariffs.
“But we will obviously be a great lawyer, a great advocate of this sector and this industry,” he added.
Since his return to the White House in January, Trump has imposed tariffs on countries around the world.
He argues that the tariffs will strengthen the US manufacturers and protect jobs – but the global economy has been thrown into chaos, and it is expected that the prices for goods around the world are expected.
Before his inauguration, Trump appointed three film stars – Jon Voight, Mel Gibson and Sylvester Stallone – as special ambassadors who were commissioned to promote business opportunities in Hollywood, which he described as a “big but very disturbed place”.
“They will serve me as a special envoy to bring Hollywood, which has lost a lot of business abroad, back, better and stronger than ever in the past four years!” Trump wrote at the time.
According to the Prodpro research company, the United States is still a large film production hub worldwide.
The latest annual report shows that the country set $ 14.54 billion (10.94 billion GBP) for production expenditure last year. However, this had dropped by 26% since 2022.
According to the report, Australia, New Zealand, Canada and Great Britain are an increase in expenses in the same period in the same period.
Even before this latest announcement, the US film industry was influenced by the consequences of Trump’s trade policy.
In April China said that it reduced its quota of the American films that are allowed in the country.
“The wrong action of the US government to abuse the tariffs in China will inevitably reduce the domestic public’s demanding public,” said Chinese film management.
“We will follow the market rules, respect the election of the audience and moderate the number of imported American films.”
Trump met China with his Salvo tariffs hardest, which was imposed from there from there to import taxes of up to 145% for goods.
His administration said last month that the taxes for some Chinese goods could reach 245%if the new tariffs are added to the existing ones.
Beijing has dismissed itself with a importance of 125% for goods from the United States.
Other countries are currently exposed to a flat rate of 10% before a break for higher taxes in July has expired.
In conversation with reporters on board the Air Force One on Sunday, Trump said that he met with many countries, including China, about trade agreements.
However, he added that he had no plans to speak to his Chinese counterpart Xi Jinping this week – despite previous reports that Washington had addressed Beijing about trade talks.
When asked whether any trade agreements would be announced this week, Trump said, that could be “very good”, but there were no details.
Previously, Trump had signaled that he could be ready to reduce the tariffs on China.
“At some point I will lower them, because otherwise they could never do business with them and they want to do a lot of business,” he said in an interview that was broadcast on NBCS Meet the Press on Sunday.
In the same interview, Trump said that he could provide a further extension of a deadline for the bytedance based in China for the sale of TikTok’s US operations.
He has already given two reproductions from a law that threatens the short video app if it is not sold to a non-Chinese company.
Bytedance currently has until June 19 to reach an agreement on the ownership of the platform, which is used by 170 million Americans.
Negotiations on a potential business have stalled since Trump China imposed steep new tariffs.
Follow the rotations and twists of Trump’s second term with the North America correspondent Anthony Zurchers weekly US policy unpun Newsletter. Readers in the UK Register here. Those outside of Great Britain Register here.