Trump orders 100% tariff on foreign-made movies to save ‘dying' Hollywood

TimesLIVE

05-05-2025

In January, Trump appointed Hollywood veterans Jon Voight, Sylvester Stallone and Mel Gibson to bring Hollywood back "bigger, better and stronger than ever before".
Movie and TV production has been exiting Hollywood for years, heading to locations with tax incentives that make filming cheaper.
Governments around the world have increased credits and cash rebates to attract productions and capture a greater share of the $248bn (R4.5-trillion) Ampere Analysis predicts will be spent globally in 2025 to produce content.
All major media companies, including Walt Disney, Netflix and Universal Pictures, film overseas in countries such as Canada and Britain.
In 2023, about half the spending on movie and TV projects with budgets of more than $40m (R735m) went outside the US, according to research firm ProdPro.
Film and television production has fallen by nearly 40% over the past decade in Hollywood's home city of Los Angeles, according to FilmLA, a non-profit that tracks the region's production.
The January wildfires accelerated concerns that producers may look outside Los Angeles, and that camera operators, costume designers, sound technicians and other behind-the-scenes workers may move out of town rather than try to rebuild in their neighborhoods.
A ProdPro survey of executives found California was the sixth most preferred place to film in the next two years, behind Toronto, Britain, Vancouver, central Europe and Australia.
Hollywood producers and labour unions have been urging governor Gavin Newsom to boost the state's tax incentives to better compete with other locations.
Trump's proposed movie tariff comes after a series of trade conflicts initiated by his administration, which have roiled markets and led to fears of a US recession.
Former senior commerce official William Reinsch, a senior fellow with the Centre for Strategic and International Studies, said retaliation against Trump's film tariffs would be devastating.
"The retaliation will kill our industry. We have a lot more to lose than to gain," he said, adding it would be difficult to make a national security or national emergency case for movies.
Reuters