Donald Trump has introduced a 100% tariff on “any and all” motion pictures “coming into our Nation which are produced in Overseas Lands.”
The announcement was made Sunday evening in a publish on his social media community, Reality Social. “The Film Trade in America is DYING a really quick dying. Different International locations are providing all kinds of incentives to attract our filmmakers and studios away from america. Hollywood, and plenty of different areas inside the united statesA., are being devastated,” Trump wrote. “This can be a concerted effort by different Nations and, subsequently, a Nationwide Safety risk. It’s, along with all the pieces else, messaging and propaganda!”
“Subsequently, I’m authorizing the Division of Commerce, and america Commerce Consultant, to right away start the method of instituting a 100% Tariff on any and all Motion pictures coming into our Nation which are produced in Overseas Lands,” Trump continued. “WE WANT MOVIES MADE IN AMERICA, AGAIN!”
Quite a few main upcoming Hollywood movies are produced—both partially or totally—exterior of america to be able to qualify for beneficiant tax credit supplied by different international locations. Such titles embody Marvel’s Avengers: Doomsday, which is being filmed within the UK; Lucasfilm’s Star Wars: Starfighter, additionally being shot within the UK; and Avatar: Fireplace and Ash, which was produced in New Zealand. It’s unclear whether or not Trump’s announcement is focusing on a lot of these titles, foreign-made movies basically, or each.
Associated Video
Trump’s announcement seems to stem from a advice made by actor Jon Voight, one of many president’s “particular ambassadors” to Hollywood. Per Deadline, Voight has held conversations with union representatives and studio executives about methods to carry productions again to the US, together with the opportunity of providing federal tax incentives to studios. Whereas there’s skepticism that the Trump administration would help such an incentive—particularly amid broader cost-cutting efforts—the implementation of a tariff might be Trump’s various method to reaching an analogous consequence.