White House walks back Trump’s big Hollywood tariff announcement
Trump said he is instructing members of his administration to “immediately begin instituting a 100% Tariff” on films produced overseas.
Trump said his plan will save the “DYING” American film industry.
“WE WANT MOVIES MADE IN AMERICA, AGAIN!” he wrote.
A Motion Picture Association report found the U.S. film and television industry has “a positive balance of trade in every major market in the world,” with exports more than three times imports.
A White House spokesman later said “no final decisions on foreign film tariffs have been made.”The White House appeared to walk back an announcement by President Donald Trump that he would slap 100% tariffs on foreign-produced films to boost Hollywood.A White House statement on May 5 said that “no final decisions on foreign film tariffs have been made” after Trump’s declaration made waves in the entertainment industry.
Trump posted on social media May 4 that he was “authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign LandsAlthough Trump said his team was moving forward on the tariffs, White House spokesman Kush Desai seemed to temper that in the May 5 statement that no final decision has been made, while also saying ” the administration is exploring all options to deliver on President Trump’s directive to safeguard our country’s national and economic security while Making Hollywood Great Again.”
The statement added more confusion to an announcement that already was drawing questions about how the tariffs would be implemented and what exactly they would apply to..
It was unclear if the tariffs would apply to movies on streaming services as well as those shown in theaters, or if they would be calculated based on production costs or box office revenue. The Motion Picture Association, which represents the major studios, had no comment.
Trump said on May 5 during an event in the Oval Office that his administration would first consult the movie industry..
White House# walks back #Trump’s big Hollywood #tariff# announcement
