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US President Donald Trump says he will be made films abroad with 100% rates, While he rises commercial disputes with nations around the world.
Trump said that he authorized the American trade representative to start the process to impose the levy because the American film industry would die “a very fast death”.
He blamed “joint effort” from other countries that offer incentives to attract filmmakers and studios, which he described as a “national security threat”.
“It is, besides everything else, messages and propaganda!” Trump said on his truth social platform. “We want to make films again in America!”
Since the return to the White House in January, Trump has imposed rates on countries around the world.
He argues that rates will stimulate American manufacturers and protect jobs – but the world economy has been thrown into chaos, and the prices for goods all over the world are expected to rise.
Prior to his inauguration, Trump mentioned three film stars – Jon Voight, Mel Gibson and Sylvester Stallone – to be special ambassadors who are responsible for promoting business opportunities in Hollywood, which he described as a “great but very restless place”.
“They will serve for me as special envoys with the goal of Hollywood, which has lost many things to abroad, back – Bigger, better and stronger than ever before!” Trump wrote at the time.
The American trade secretary Howard Lutnick responded to the announcement and said: “We are on”.
The US remains a large film production hub worldwide despite challenges, according to research agency of film sector Prodpro.
The most recent annual report shows that the country saw $ 14.54 billion (£ 10.94 billion) in production spending last year. However, that fell by 26% since 2022.
Countries that have raised an increase in expenditure in the same period are, according to the Australia report, Nieuw -Zeeland, Canada and the UK.
Even before this most recent announcement, the American film industry was influenced by the fall -out of Trump’s trade policy.
In April, China said it reduced his quota of American films in the country.
“The wrong action by the US government to abuse rates on China will inevitably reduce the favorability of the domestic public compared to American films,” said the China Film Administration.
“We will follow the market rules, respect the choice of the public and moderately reduce the number of imported American films.”
Trump has hit China the hardest with its Salvo rates, which imposed the input load of a maximum of 145% of it.
His administration said last month that when the new rates are added to existing, the taxes on some Chinese goods can reach 245%.
Beijing has hit back with an import obligation of 125% on goods from the US.
Other countries are currently confronted with a general American rate of 10% until a break over higher levies ends in July.
Trump spoke with reporters on board Air Force One on Sunday and said that he met many countries, including China, about trade agreements.
He added that this week he was not going to talk to his Chinese counterpart Xi Jinping – despite previous reports that Washington had approached Beijing about holding commercial interviews.
Asked if trade agreements would be announced this week, Trump said that “could be very good”, but gave no details.
Earlier Trump indicated that he might be willing to lower the rates on China.
“At one point I will lower them, because otherwise you could never do business with them, and they want to do a lot of business,” he said in an interview that was broadcast on NBC’s Meet the Press on Sunday.
