China is a vital market for the U.S. film industry. Here's how the trade war could have major impacts.
trade war with China
could have a major impact on Hollywood, with some saying a potential ban could be placed on American movies. The country has been a vital market for the U.S. film industry.
"
A couple of prominent bloggers who are connected to the main party in China suggested that China might consider putting blocks on the Hollywood films that do get released in China," said Sharon Waxman, editor-in-chief of "The Wrap," which covers Hollywood's reliance on international ticket sales.
The sources who first reported the potential ban are well-connected in China's media establishment. However, it's not clear when or if these retaliatory measures would take effect.
On Thursday, China's Film Administration said it would "moderately reduce" the number of U.S. films it imported into the country, in response to the new tariffs.
"The wrong action of the U.S. government's indiscriminate tariffs on China is bound to further reduce the favourable impression of domestic audiences on American films," a
statement
from the film administration said.
Although
China
restricts American films, one industry expert said the average U.S. film makes about 10% of its gross from the China market.
At the box office, "A Minecraft Movie" wasn't just a blockbuster in the U.S. It also topped the charts in China last weekend.
Last year, "Godzilla X Kong" made more money in China than anywhere else in the world, including the U.S.
Monique White is the executive vice president at California Pictures, a distributor of independent films. She said studios losing revenue from a massive market could impact production in the future.
"That means their budgets are gonna have to go down because they're not gonna see that money coming out of China and if what happens in China's gonna happen in Europe and in Australia and any other countries, those budgets are gonna have to get squeezed even more," White said.
The potential impact of trade tension with China is the latest issue for an industry still trying to recover from back-to-back
labor strikes
and a nearly two-year shutdown due to COVID-19 pandemic.
"What people in Hollywood worry about is that there is inevitably going to be some pullback," Waxman said. "People will go to the movies less if they were going. They might have one less streaming service."
Mr. Trump announced a
90-day pause on tariffs
for most countries on Wednesday, while lowering the "reciprocal tariff" rate to 10%.
The president also increased tariffs on goods from China to 125%.
"Based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Mr. Trump wrote on Truth Social.
In response, the
European Union
on Thursday announced its own 90-day pause on retaliatory tariffs. Meanwhile,
China's
Commerce Ministry spokesperson, He Yongqian, said, "China's position is clear and consistent: the door to talks is open, but dialogue must be conducted on an equal basis with mutual respect. China will stand by its position until the end. Pressuring, threatening, and blackmailing are not the correct ways to deal with China. We hope that the U.S. will work with China."
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Trump laughs at Zelensky response to journalist, Australia slams 'unjustified' Israel move, children targeted as crackdown rolls on
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Zelenskiy's garb at that February meeting featured in a disastrous session with Trump in which the two leaders bickered and the Ukrainian president was escorted out of the White House early, without lunch. On Monday, backed by European allies, Zelensky showed up for his talks with Trump wearing more formal attire, with Trump visibly impressed. A reporter who had asked Zelensky in February why he was not wearing a suit complimented the Ukrainian leader on the attire he chose for his latest visit. "You look fabulous in that suit," the reporter said. Trump chimed in: "I said the same thing". Clearly far more comfortable with proceedings, he managed to get a cheeky last response to the journalist. "You're wearing the same suit," he told the reporter, drawing laughter from the room. "I changed." You can watch the moment below. 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Analysis from the ABC's meteorologist Tom Saunders shows that the period from January 2020 to now is the wettest six-year stretch seen since records began at Sydney's Observatory Hill in 1858 – and there's still four months to go. Saunders says there has been stronger and more frequent winds from the east, bringing more moisture in from the Tasman Sea, and said it could lead to Sydney and other parts of the east coast shifting to wetter climates over time. Flybuys rolls out checkout savings at Bunnings Those with a Flybuys account will be pleased to learn they can now opt to use their points at the checkout in Bunnings. "Whether it's potting mix, power tools, or prepping for a weekend DIY project, members can unlock value when they shop in-store, with every 2,000 points equivalent to $10 off, applied directly at the checkout," Bunnings and Flybuys announced on Tuesday. 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The baby was 'just days old' and found wrapped in a sheet, The West Australian has reported. A police spokesman said multiple resources had been sent to the location as authorities investigate the circumstances surrounding the incident. It is understood ambulance crews were initially called but were stood down. Police also issued an emergency alert on Monday evening to all Perth maternity hospitals with concerns for the welfare of the mother. Detectives remained at the scene late on Monday, after police spent the afternoon doorknocking nearby residents. It has been reported a large portion of the road remained blocked off to the public well into Monday evening. - NewsWire Police have launched a major investigation after a baby's body was discovered inside a stormwater drain in Perth's northern suburbs. Tradesmen cleaning the drains on La Salle Road made the tragic discovery in Alexander Heights at about 1pm on Monday. The baby was 'just days old' and found wrapped in a sheet, The West Australian has reported. A police spokesman said multiple resources had been sent to the location as authorities investigate the circumstances surrounding the incident. It is understood ambulance crews were initially called but were stood down. Police also issued an emergency alert on Monday evening to all Perth maternity hospitals with concerns for the welfare of the mother. Detectives remained at the scene late on Monday, after police spent the afternoon doorknocking nearby residents. It has been reported a large portion of the road remained blocked off to the public well into Monday evening. - NewsWire Australia slams Israel's 'unjustified' visa move Foreign Minister Penny Wong has slammed Israel's decision to revoke visas for Australian representatives to the Palestinian Authority as 'unjustified'. Her counterpart in Israel, Gideon Sa'ar, announced the move overnight in response to Australia cancelling a visa for a far-right Israeli MP. It is the heaviest blow to the bilateral relationship, which has been severely strained by the Albanese government's opposition to large-scale civilian suffering in Gaza. 'At a time when dialogue and diplomacy are needed more than ever, the Netanyahu Government is isolating Israel and undermining international efforts towards peace and a two-state solution,' Senator Wong said in a statement. 'This is an unjustified reaction, following Australia's decision to recognise Palestine. 'We will continue to work with partners as we contribute international momentum to a two-state solution, a ceasefire in Gaza and release of the hostages.' Read more from NewsWire here. Foreign Minister Penny Wong has slammed Israel's decision to revoke visas for Australian representatives to the Palestinian Authority as 'unjustified'. Her counterpart in Israel, Gideon Sa'ar, announced the move overnight in response to Australia cancelling a visa for a far-right Israeli MP. It is the heaviest blow to the bilateral relationship, which has been severely strained by the Albanese government's opposition to large-scale civilian suffering in Gaza. 'At a time when dialogue and diplomacy are needed more than ever, the Netanyahu Government is isolating Israel and undermining international efforts towards peace and a two-state solution,' Senator Wong said in a statement. 'This is an unjustified reaction, following Australia's decision to recognise Palestine. 'We will continue to work with partners as we contribute international momentum to a two-state solution, a ceasefire in Gaza and release of the hostages.' Read more from NewsWire here. Children targeted in e-bike crackdown Children are the target of Queensland Police's latest e-bike crackdown as momentum to get to grips with their illegal use continues to grow nationally. Police in Brisbane have launched Operation X-ray Stamp this month to target the illegal and dangerous use of e-scooters and e-bikes along the city's popular Kedron Brook Bikeway. "With many offences involving children, the operation strongly focuses on educating both children and their parents about their responsibilities and the consequences of allowing their child's illegal use of these devices," Queensland Police said on Tuesday. 'The main issues we see with e-scooters and e-bikes include unlicensed driving of unregistered vehicles, speeding, dangerous driving such as swerving in and out of pedestrians, and illegal modifications," Senior Sergeant Saskia Toohey said. 'Our focus is on education and engagement, but the QPS will take enforcement action, including issuing fines or confiscating non-compliant devices, if necessary, to stop unsafe behaviour." So with the latest effort to get to grips with the issue, we're asking you if you think authorities are doing enough when it comes to the illegal use of e-transport. Have your say below. Children are the target of Queensland Police's latest e-bike crackdown as momentum to get to grips with their illegal use continues to grow nationally. Police in Brisbane have launched Operation X-ray Stamp this month to target the illegal and dangerous use of e-scooters and e-bikes along the city's popular Kedron Brook Bikeway. "With many offences involving children, the operation strongly focuses on educating both children and their parents about their responsibilities and the consequences of allowing their child's illegal use of these devices," Queensland Police said on Tuesday. 'The main issues we see with e-scooters and e-bikes include unlicensed driving of unregistered vehicles, speeding, dangerous driving such as swerving in and out of pedestrians, and illegal modifications," Senior Sergeant Saskia Toohey said. 'Our focus is on education and engagement, but the QPS will take enforcement action, including issuing fines or confiscating non-compliant devices, if necessary, to stop unsafe behaviour." So with the latest effort to get to grips with the issue, we're asking you if you think authorities are doing enough when it comes to the illegal use of e-transport. Have your say below. Trump makes big promise to Ukraine Donald Trump has told President Volodymyr Zelensky the US would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of any assistance was not immediately clear. Trump made the pledge during an extraordinary summit at the White House, where he hosted Zelensky and a group of European allies days after Trump met with Russian President Vladimir Putin in Alaska and months after a disastrous Oval Office meeting that saw Trump and Vice President JD Vance publicly criticise the Ukrainian leader. A peace deal appeared far from imminent, however. Just before the talks began, Russia's Foreign Ministry ruled out the deployment of troops from NATO countries to help secure a peace deal, adding complications to Trump's offer. Both Trump and Zelenskiy said they hoped Monday's gathering would eventually lead to three-way talks with Putin. The Kremlin has not yet publicly accepted such a meeting, and it remains to be seen whether Putin, whose forces have been slowly grinding forward in eastern Ukraine, is prepared to sit down with Zelenskiy or make meaningful concessions. Read more here. Donald Trump has told President Volodymyr Zelensky the US would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of any assistance was not immediately clear. Trump made the pledge during an extraordinary summit at the White House, where he hosted Zelensky and a group of European allies days after Trump met with Russian President Vladimir Putin in Alaska and months after a disastrous Oval Office meeting that saw Trump and Vice President JD Vance publicly criticise the Ukrainian leader. A peace deal appeared far from imminent, however. Just before the talks began, Russia's Foreign Ministry ruled out the deployment of troops from NATO countries to help secure a peace deal, adding complications to Trump's offer. Both Trump and Zelenskiy said they hoped Monday's gathering would eventually lead to three-way talks with Putin. The Kremlin has not yet publicly accepted such a meeting, and it remains to be seen whether Putin, whose forces have been slowly grinding forward in eastern Ukraine, is prepared to sit down with Zelenskiy or make meaningful concessions. Read more here.
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Whether you've got six simultaneous fantasy football leagues going or you're a recent convert to the game thanks to some very A-list fans in the stands ... whether you watch the Super Bowl for the ads or don't let anybody talk while the clock is running ... whether you're part of the tidal wave of interest in women's sports or just a repeat watcher of A League of Their Own ... there's no denying that sports are at the center of much of American pop culture. With big personalities, adorable athletic couples, killer style and riveting fictional depictions, there's no arena (pun intended) of cultural interest that isn't touched by sports in some way. That said, we know there are NFL coaches you're sweating, Olympians you follow obsessively on Instagram, "wives and girlfriends" whose style has set the trends for the year and retired athletes who have gone on to dominate in other fields — and you've got strong opinions about all of them. That's why we need you to vote in our Readers' Choice Poll in categories that include "Who has the best tunnel fits in the NFL?" "Who's the sexiest sports broadcaster?" and "What's your go-to sports comfort movie?" Vote as many times as you like, encourage your fellow sports fans to get in on the action, then check back Sept. 4 to see if your favorites won! Read the original article on People
