Overview

• President Trump announced a 100% tariff on all foreign-produced films, aiming to revitalize the U.S. film industry, which he described as 'dying quickly.'
• The White House clarified that no definitive framework for the tariff has been finalized, despite Trump's directive to the Commerce Department and USTR to explore implementation options.
• Trump criticized California Governor Gavin Newsom, accusing him of failing to prevent Hollywood's decline and the migration of productions overseas.
• China, the second-largest market for Hollywood films, had already reduced its imports of U.S. films in response to broader tariffs imposed by the administration in April.
• Meetings between the administration and film industry representatives are expected as stakeholders seek clarity on the proposed measures and their potential impact.