Investing

Trump to impose 100% tariff on foreign films, targets California Governor

President Donald Trump has struck again with a forceful new move against the global film industry, announcing a 100% tariff on all movies made outside the United States. 

The announcement, made through his social media platform Truth Social, comes with strong language accusing other countries of “stealing” the American movie business, comparing it to “stealing candy from a baby.”

He singled out California, blaming its governor for being weak and incompetent in protecting the nation’s film industry.

This move underlines Trump’s pursuit of an “America First” agenda that extends even into the cultural arena, aiming to reclaim what he calls America’s lost “movie-making” dominance.

American jobs versus foreign films

This tariff threat, if enacted, would have a seismic impact on Hollywood and the global movie market.

Imposing a 100% tariff on foreign films means doubling the cost of importing movies made outside the US, forcing distributors, theaters, and streaming platforms to reconsider their mix of content.

This could lead to fewer foreign films being shown or available in the US and higher prices for moviegoers and subscribers.

Trump’s gripe is tied to the fact that many movies are increasingly produced overseas, where foreign countries offer tax breaks and incentives that lure filming away from California and other US locations.

Trump sees this as a drain on American jobs, revenue, and creative legacy.

But Trump’s move isn’t just about economics. There’s a cultural and political edge here and calling out California’s leadership taps into his base’s criticism of Hollywood and Democratic policies.

For Trump supporters, Hollywood often represents ideas contrary to their values. This tariff plays to a sense of protecting American identity and pride, portraying movies as a symbol of national strength that must be defended.

His message is clear: tariffs are not just about goods, but about safeguarding American culture and creativity from foreign “theft.”

America first meets film industry

Broadly, this fits right into Trump’s familiar tariff strategy from his ongoing presidency.

Since returning to office, he has repeatedly used tariffs as blunt tools against industries, from steel and aluminum to Chinese goods aiming to protect American workers and industries.

Extending this tactic to the film industry takes things in a new direction, blending economics with culture and politics.

It’s a reminder that Trump’s “America First” agenda is as much about national identity and symbolism as it is about dollars and cents.

The challenges, however, are big. The global film industry is interconnected with partnerships, international finance, and talent moving freely across borders, a tariff could disrupt all of that.

Films are often co-productions between American and international studios, and classifying movies as “goods” subject to tariffs is complicated by digital distribution and streaming.

Yet, Trump seems less concerned with these nuances and more focused on the political signal the policy sends. It says: America will not stand idly by as other countries chip away at its cultural and economic clout.

The post Trump to impose 100% tariff on foreign films, targets California Governor appeared first on Invezz

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Investing