President Trump announces 100% tariff for movies produced outside U.S.
US Tariffs on Movies: Ever since US President Donald Trump has taken power for the second time, he has been surprising everyone with his every decision. After announcing a huge tariff on goods imported from other countries on April 2 last month, he has now targeted the film industry. Trump has announced to impose 100 percent tariff on movies made outside America.
There is a lot of anger among the people due to this decision of President Trump.
Trump announced 100 percent tariff on movies made outside America and said that he has taken this step to save the dying American film industry.
In one of his posts on social media, he said that filmmakers from other countries are being given various offers to shoot in America while Hollywood is on the verge of ruin.
He termed this as a well-planned conspiracy of other countries and said that this is also a threat to national security.
100% tariff on films from other countries
Trump further said that he gives the Commerce Department and the US Trade Representative the right to immediately impose 100 percent tariff on all films coming from other countries and being made in America. He said that he wants films to be made in America again. After this, US Commerce Secretary Howard Lutnick wrote on social media that he is working on it.
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However, it is still not clear on whom the tariff will be imposed, whether it will be imposed on the film making company or on the actor or the film producer. Trump has taken this step at a time when apart from the trade war between the two economic superpowers, about a month ago China had said that it would reduce the number of films coming from America.
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