PRESIDENT TRUMP TO IMPOSE 100% TARIFF ON FOREIGN MOVIES.
US President Donald Trump has announced plans to impose a 100% tariff on foreign-made movies, claiming the US film industry is "dying a very fast death" due to filmmakers and studios being lured overseas by incentives.
Trump explained that this move is necessary to promote American-made films and protect national security, but this proposed tariff could have significant implications for the film industry, particularly for productions shot in countries like Canada, Eastern Europe, and the UK, as studios like Disney's Marvel and Universal have productions underway in international locations, which could be affected by the tariff.
It is, however, unclear when and how the tariff would take effect, with many details still uncertain, but the move is part of Trump's broader trade policy, which has included tariffs on various imported goods, while the impact on the US film industry and economy remains to be seen.
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