Donald Trump plans to meet with Hollywood studio executives to gauge their reaction to his proposal to impose a 100% tariff on foreign-made movies imported into the US.
Protecting American Interests
The president insists his goal is to help the film industry, not harm it. “We’re going to be meeting with the film industry,” Trump told reporters. “We want to make sure they’re happy about it because we want to create jobs.”
This isn’t the first time Trump has floated the idea. A day earlier, he took to Truth Social to announce his plan to empower the Commerce Department and US Trade Representative to impose the tariff.
Details Still Unclear
The specifics of how the tariff would work remain unclear. White House spokesperson Kush Desai said no final decision has been made, and the administration is exploring options to protect national security and the economy while making Hollywood great again.
The plan has sparked concern, with many likely watching closely to see how it unfolds. According to a report by CNBC, the film industry is bracing for potential impact.
- The proposed tariff could significantly affect the global film industry.
- Hollywood studios rely heavily on international collaborations and revenue.
- A 100% tariff could increase costs and alter the landscape of the industry.
The outcome remains to be seen, but one thing is certain: the film industry is in for a wild ride.