Business reporter
Getty ImagesUS President Donald Trump says he will hit movies made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations around the world.
Trump said he was authorising the US Trade Representative to start the process to impose the levy because America’s movie industry was dying “a very fast death”.
He blamed a “concerted effort” by other countries that offer incentives to attract filmmakers and studios, which he described as a “National Security threat”.
“It is, in addition to everything else, messaging and propaganda!” Trump said on his Truth Social platform. “WE WANT MOVIES MADE IN AMERICA, AGAIN!”
Since returning to the White House in January, Trump has imposed tariffs on countries around the world.
He argues tariffs will boost US manufacturers and protect jobs – but the global economy has been thrown into chaos as a result, and prices on goods around the world are expected to rise.
Ahead of his inauguration, Trump appointed three film stars – Jon Voight, Mel Gibson and Sylvester Stallone – to be special ambassadors tasked with promoting business opportunities in Hollywood, which he described as a “great but very troubled place”.
“They will serve as Special Envoys to me for the purpose of bringing Hollywood, which has lost much business over the last four years to Foreign Countries, BACK—BIGGER, BETTER, AND STRONGER THAN EVER BEFORE!” Trump wrote at the time.
Trump has hit China hardest with his tariffs salvo, imposing import taxes of up to 145% on goods from there.
His administration said last month that when the new tariffs are added on to existing ones, the levies on some Chinese goods could reach 245%.
Beijing has hit back with a 125% import duty on goods from the US.
Other countries currently face a blanket US tariff of 10% until a pause on higher levies expires in July.
Speaking to reporters aboard Air Force One on Sunday, Trump said he was meeting with many countries, including China, on trade deals.
He added, however, that he had no plans to speak with his Chinese counterpart Xi Jinping this week – despite previous reports that Washington had approached Beijing about holding trade talks.
Asked if any trade agreements would be announced this week, Trump said that could “very well be”, but gave no details.
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