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Trump Threatens Tariffs on Foreign Films Again
27 Jan
Summary
- President Trump renewed threats of tariffs on overseas films.
- He also proposed low-interest bonds to boost domestic production.
- Hollywood unions seek federal incentives and tax deductions.
President Trump reiterated his threat to impose tariffs on films made abroad, while also suggesting the possibility of offering low-interest bonds to encourage domestic production. He expressed a desire to bring the movie business back to Los Angeles. This comes after a year of lobbying by Hollywood unions and producers for federal film incentives to compete with international subsidies.
Trump has previously threatened a 100% tariff on foreign-made movies without detailing implementation. His latest remarks to the New York Post's California offshoot introduced the concept of bonds alongside tariffs. Congress members and California's governor have explored federal production incentives, with the state expanding its tax credit program. Hollywood unions have welcomed the attention to the issue but advocate for extending existing federal tax deductions.
