Trump plans 100% levy on foreign films, deepening trade war

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Bangkok Post 16h ago

Trump plans 100% levy on foreign films, deepening trade war - Bangkok Post

Quick Summary:

President Donald Trump announced on Sunday that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time.

The film and TV industry supported some 2.3 million jobs in the US in 2023, according to the Motion Picture Association trade group.

Other countries, such as Canada, Australia, and the UK, are seeing an increase in film and TV production, due in part to attractive tax incentives and lower production costs.