US President Donald Trump has made another major decision. He has announced a 100 percent tariff on films produced abroad. President Trump announced this on social media a day earlier, on Monday. He said that foreign companies have taken over the US film industry. It’s like a child stealing chocolate.
Trump Lashes Out At California’s Governor
Trump specifically mentioned the state of California because Hollywood is located in Los Angeles, California. Trump said that Hollywood has been weakened by California’s weak government and incompetent governor. Trump said that he would impose a 100 per cent tariff on foreign films to address this long-standing and persistent problem.
This Is Why Films Are Shot In Other Countries Instead Of The US
Although Trump has announced a 100 per cent tariff on films produced outside the US, it remains unclear how this will be implemented. Most films are shot in various countries around the world. Canada and other countries, including the UK, offer tax breaks for film shooting, which is why movies are shot in London and other locations instead of the US.
Film Production In The US Declines, Down 26 Percent In Two Years
Film production in the US is experiencing a steady decline. Statistics also bear this out. According to a report, film production in the US declined by 26 percent in 2023 compared to 2021. According to the Motion Picture Association, American films are expected to generate a total of $22.6 billion worldwide in 2023.
Trump Spoke About Tariffs In May
It’s worth noting that in May, Trump discussed imposing tariffs on foreign films. He stated that the US film industry was rapidly collapsing. Other countries were luring American filmmakers to their countries with lucrative offers. Trump has repeatedly said that he wants to make Hollywood better, bigger, and stronger than it was before.
