Donald Trump has introduced a 100% tariff on “any and all” motion pictures “coming into our Nation which can be produced in International Lands.”
The announcement was made Sunday night time in a put up on his social media community, Fact Social. “The Film Trade in America is DYING a really quick demise. Different Nations are providing all kinds of incentives to attract our filmmakers and studios away from the US. Hollywood, and plenty of different areas inside the united statesA., are being devastated,” Trump wrote. “It is a concerted effort by different Nations and, due to this fact, a Nationwide Safety risk. It’s, along with every part else, messaging and propaganda!”
“Due to this fact, I’m authorizing the Division of Commerce, and the US Commerce Consultant, to right away start the method of instituting a 100% Tariff on any and all Films coming into our Nation which can be produced in International Lands,” Trump continued. “WE WANT MOVIES MADE IN AMERICA, AGAIN!”
Various main upcoming studio movies have been produced—both partially or fully—exterior of the US to be able to qualify for beneficiant tax credit provided 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.
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Trump’s announcement appears to be born out of a advice made by Jon Voight, one of many president’s “particular ambassadors” to Hollywood. Per Deadline, in conversations with union representatives and studio executives, Voight has particularly checked out methods to carry productions again to the US, together with the potential for providing a federal tax incentive to studios. Whereas there’s skepticism that the Trump administration would assist such an incentive—particularly amid broader cost-cutting efforts—the implementation of a tariff could possibly be Trump’s different method to attaining the same end result.
