Overview
- President Trump announced plans for a 100% tariff on all foreign-produced movies, framing it as a measure to protect U.S. film production and national security.
- Commerce Secretary Howard Lutnick confirmed the administration is moving forward with the directive, though no specifics on implementation have been provided yet.
- The global film industry, including major studios and international governments, has expressed alarm over potential economic and logistical fallout.
- U.S. film production has declined significantly in recent years, with international tax incentives drawing filmmakers to countries like the UK, Canada, and Australia.
- Critics argue the move could harm U.S. studios reliant on international markets and lead to retaliatory measures from affected countries.