Overview
- President Trump has proposed a 100% tariff on all movies produced outside the U.S., citing national security and economic concerns, though no final decision has been made.
- Hollywood executives are set to meet with the Motion Pictures Association on Friday to address the potential economic fallout and policy implications of the tariff plan.
- Foreign governments, including the UK and India, warn that the tariffs could severely harm their film industries, with India projecting doubled export costs and reduced revenue.
- Legal scholars question the legality of the proposal under the International Emergency Economic Powers Act, citing exemptions for informational materials like films.
- The White House has softened its stance, stating it will work with industry stakeholders to ensure the policy supports American jobs without harming the entertainment sector.