US President Donald Trump on Monday renewed his threat of imposing steep tariffs on films made outside the United States, claiming his country’s industry has been “stolen” by others.<\/p>\n
Trump’s remarks come shortly after he threatened a slew of new tariffs to be imposed this week on branded pharmaceutical products, furniture, as well as heavy trucks respectively.<\/p>\n
On Monday, Trump returned his focus to the film industry, charging in a Truth Social post that other countries have taken business from the United States, “just like stealing ‘candy from a baby.'”<\/p>\n
He criticized California Governor Gavin Newsom as “weak and incompetent,” adding that the state has been heavily impacted.<\/p>\n
“In order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States,” Trump wrote.<\/p>\n
He did not provide further details on his plans, or a timeline for when these tariffs might be enacted.<\/p>\n
Trump’s latest post echoes a threat he made in May, when he said the US movie industry was “dying a very fast death.”<\/p>\n
At the time, he said he was authorizing the Department of Commerce and US Trade Representative to start the process of instituting a 100-percent tariff.<\/p>\n
The implications for the movie industry remain unclear for now.<\/p>\n
Hollywood is a major sector of the US economy, generating more than 2.3 million jobs and $279 billion in sales in 2022, according to data from the Motion Picture Association.<\/p>\n
But in the wake of the Hollywood strikes and the Covid pandemic — which changed how Americans consumed movies, opting to watch at home instead of in theaters — the industry has been struggling to regain momentum, industry insiders have said.<\/p>\n
Trump’s posts did not mention if television series, an increasingly profitable and popular sector of production, would be impacted.<\/p>\n
Last Thursday, Trump said he would slap separate tariffs ranging between 25 percent and 100 percent on branded pharmaceutical products, kitchen cabinets, upholstered furniture and heavy trucks.<\/p>\n
These were to start on Wednesday, he added, with patented pharma products seeing 100-percent duties unless firms were building manufacturing plants in the United States.<\/p>\n
Trump reiterated his threat on imported furniture, saying North Carolina “has completely lost its furniture business to China, and other Countries.”<\/p>\n
bys\/mlm<\/p>\n
\u00a9 Agence France-Presse<\/p>\n","protected":false},"excerpt":{"rendered":"
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