Attention Hollywood: Trump orders tariffs on foreign-made movies

FILE PHOTO People stand above the Hollywood sign under a cloudy sky in Los Angeles May REUTERS Mike Blake File Photo President Donald Trump is directing his attention Monday on foreign films threatening in a social media post tariffs on movies produced outside of the United States Trump posted on Truth Social the American movie industry was dying a very fast death because of incentives other countries are offered to make films and movies This is a concerted effort by other Nations and therefore a National Measure threat It is in addition to everything else messaging and propaganda Trump noted on Truth Social The Department of Commerce and other executive agencies are being authorized to at once begin the process of imposing a tariff on all films produced abroad and sent to the United States Trump added on a social media post WE WANT MOVIES MADE IN AMERICA AGAIN Commerce Secretary Howard Lutnick posted on social media We re on it However neither Lutnick nor Trump provided details on how to implement the tariffs Trump appointed Hollywood veterans Jon Voight Sylvester Stallone and Mel Gibson in January as symbolic ambassadors to bring Hollywood back bigger better and stronger than ever before Studios have been using foreign locations instead of Hollywood for years taking advantage of tax incentives and lower production costs Increased tax credits and cash rebates offered by foreign countries are attracting productions Ampere Analysis predicts billion will be spent globally to produce content in Disney Netflix and Universal Pictures film movies and TV shows in Canada and Britain City News Facility