President Donald Trump said yesterday he would impose a 100 per cent tariff on all films produced overseas that are then sent into the US, repeating a threat made in May that would upend Hollywood’s global business model.
The step signals Trump’s willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend heavily on cross-border co-productions and international box-office revenue.
“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing candy from a baby,” Trump said in a post on his Truth Social.
However, it was not immediately clear what legal authority Trump would use to impose a 100pc tariff on foreign-made films.
The White House did not immediately respond to a Reuters request for comment on how the tariffs would be implemented.
Top US studios Warner Bros Discovery, Paramount Skydance and Netflix also did not immediately respond to requests for comment. Comcast declined to comment.
“There is too much uncertainty, and this latest move raises more questions than answers,” said PP Foresight analyst Paolo Pescatore.
“For now, as things stand, costs are likely to increase, and this will inevitably be passed on to consumers,” he said.
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