Overview

• President Trump’s proposal for 100% tariffs on foreign-produced films remains unfinalized but has raised significant industry concerns about its practicality and economic impact.
• Industry leaders warn that defining 'foreign-made' films in a globalized production landscape is a major challenge, complicating the feasibility of the tariffs.
• The proposal has heightened tensions between the U.S. and Europe over film and TV industry regulations, with European countries defending their cultural protection policies.
• California Governor Gavin Newsom has countered with a $7.5 billion federal film tax credit proposal to incentivize domestic productions and mitigate potential tariff impacts.
• The Cannes Film Festival has become a focal point for discussions on the tariff plan, with filmmakers, distributors, and theater owners voicing concerns over its potential to destabilize the recovering global film industry.