Trump renews the threat of imposing 100% rates for films not made by the US

Donald Trump has repeated his threat to impose a 100% tariff on all films that have not been made in the United States, claiming that the US industry has been “stolen” from other countries.

He said on Monday that California was heavily affected and the tax would “solve this for a long time without stopping the problem.”

In May, the US president said he would talk to Hollywood leaders about his plan and start the fee process, as the film industry in America died “very fast death”.

Trump’s remarks come as he Announced a new wave of tariffs last weekIncluding 100% branded or patented drug contributions as well as 50% of the kitchen and bathroom cabinets.

Trump told his social platform for truth: “Our movie -making business has been stolen from the United States of America from other countries, just like the theft of Baby candy.

“California, with its weak and incompetent manager, was particularly struck!”

He said the 100% tariff will be imposed “all and all films that are made outside the United States.”

Trump did not say when the tariff would come into force. The White House turned for comment.

It was also unclear whether tariffs would be applied to streaming services, such as Netflix, as well as those shown in theaters, or how they would be calculated.

Dan Cottsworth, an investment analyst at AJ Bell, asked how such a tax would work, tariffs were usually imposed on goods and said that many filmmakers choose to make films in other countries because of better incentives.

“The threat of 100% tariffs for films made outside the US raises more questions than answers,” he said.

“The filmmakers have gradually been lured by tax incentives that come from filming films in other parts of the world, and the Los Angeles movie industry has lost its luster and brilliance.”

Mr. Coatsworth said it would be difficult to set an American movie if a movie was made in the United States, but there are foreign actors, directors or funding.

“So it’s hard to understand how Trump intends to impose the fee,” he said.

“Theoretically being forced to produce films in the United States can increase its costs.

“Content creators will transfer this price to the customer and this can harm the search for streaming companies and cinema operators.”

He said investors do not “see this to see this as a serious threat.” Stocks for companies like Netflix and Disney plunged briefly, then bounced back.

Several recent major films produced by American studios have been filmed outside America, including Deadpool & Wolverine, Wicked and Gladiator II.

The United States remains a major film production center worldwide, despite the challenges, according to the Prodpro research industry.

His annual report showed that the country saw $ 14.54 billion (£ 10.94 billion) of production costs last year. But this decreased by 26% since 2022.

Countries that have attracted an increase in costs of 2022 include Australia, New Zealand, Canada and the United Kingdom.