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BOMBSHELL: TRUMP DECLARED TARRIF ON FOREIGN FILMS 100 TARIFF PLAN SHOCKS
4 months ago
14
Trump Declares Tarrif on Foreign Films! 100 Tariff Plan Shocks.
Donald Trump says he will talk with Hollywood executives, after an earlier announcement that he would hit films made in foreign countries with 100% tariffs sent shockwaves through the industry.
The US president said on Sunday he was authorising the commerce department to start the process to impose the levy because America's film industry was dying "a very fast death".
But he appeared to soften his stance later on Monday, telling reporters at the White House he was going to "meet with the industry" to "make sure they're happy" with his proposal.
For years, filmmakers have been leaving Hollywood for destinations including the UK and Canada to lower costs.
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