Trump announces 100% tariff on foreign-made movies
Share and Follow

President Donald Trump said in a Truth Social post on Monday he will be imposing a 100% tariff “on any and all movies that are made outside of the United States.”

Trump did not specify when or how the tariff could be enacted.

If Trump follows through with his threat, it would mark the first time he’s essentially imposed a tariff on a service rather than a raw good.

The president initially threatened a 100% tariff on foreign-produced movies in May, arguing that other countries offer tax incentives that have drawn filmmakers abroad. In his post on Monday, he singled out California, saying the state “has been particularly hard hit!”

Hollywood was completely caught off guard when Trump first previewed the tariff in May. “On first blush, it’s shocking and would represent a virtually complete halt of production,” one industry insider told CNN at the time. “But in reality, he has no jurisdiction to do this and it’s too complex to enforce.”

American actors and directors generally prefer to work close to home. But “the fact is, it’s cheaper for Hollywood studios to pay for everyone to get on planes, pay for hotels, because the cost of labor, lack of rebates and the ability to make things overseas is infinitely cheaper,” Jay Sures, vice chairman of United Talent Agency, told CNN in May.

This is a developing story and will be updated.

The CNN Wire & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

Share and Follow
You May Also Like
Harvey, IL news: More city layoffs expected as Harvey Fire Department operates with less than half of its staff

Harvey, IL Faces Critical Challenges: Major Fire Department Layoffs Amid Citywide Workforce Cuts

HARVEY, Ill. — Just two months ago, Harvey boasted three fully operational…
Brian Walshe told cops his missing wife left for a flight on Jan 1, JetBlue records keeper says otherwise

JetBlue Records Contradict Brian Walshe’s Claim About Wife’s Jan 1 Departure, Police Report Indicates

On Wednesday, the murder trial of Boston art fraudster Brian Walshe continued…
Doctors ignored me for 20 years... I was nearly internally decapitated

Unbelievable Medical Oversight: My 20-Year Journey to Surviving Near Internal Decapitation

For several years, Katlyn Brooks experienced the unsettling sensation of having a…
America's most notorious dine-and-dasher is EVICTED

Infamous U.S. Dine-and-Dasher Faces Eviction

An alleged serial dine-and-dasher, who has reportedly been evicted from various New…
Forrest, the last escaped monkey from Mississippi highway crash, finds new life at New Jersey sanctuary

Escaped Mississippi Highway Monkey Finds Sanctuary in New Jersey After Rescue

The last of the monkeys that fled from a transport van accident…
Maya Lupian: 8-year-old victim killed in Stockton, California mass shooting identified; was 2 weeks away from 9th birthday

Tragic Loss: 8-Year-Old Maya Lupian Identified as Victim in Stockton Mass Shooting, Days Before 9th Birthday

In a heartbreaking incident that unfolded in Stockton, California, an 8-year-old girl…
Jordon Hudson's plan to lure Bill Belichick BACK to the NFL

Jordon Hudson’s Bold Strategy to Bring Bill Belichick Back to the NFL Spotlight

On a Thursday evening in February, just after 10:30 p.m., a couple…
Grainy tape may solve the mystery of the 'Lost Boys of Pickering'

Unveiling the Mystery: How Grainy Tape Could Crack the Decades-Old ‘Lost Boys of Pickering’ Case

More than three decades ago, a small suburban city witnessed the mysterious…