Posted on 05/05/2025 4:56:51 AM PDT by thegagline
President Donald Trump announced on Sunday a 100% tariff on movies produced outside of the United States, saying the US movie industry was dying a “very fast death” due to the incentives that other countries were offering to draw American filmmakers.
“This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda,” Trump said in a post on Truth Social.
Trump said he was authorizing the relevant US government agencies such as the Department of Commerce to immediately begin the process of imposing a 100% tariff on all films produced abroad that are then sent into the United States.
Trump added: “WE WANT MOVIES MADE IN AMERICA, AGAIN!”
Neither Lutnick nor Trump provided any details on the implementation. It was not immediately clear whether the move would target production companies, foreign or American, producing films overseas.
Film and television production in Los Angeles has fallen by nearly 40% over the last decade, according to FilmLA, a non-profit that tracks the region’s production.
Meanwhile, governments around the world have offered more generous tax credits and cash rebates to lure productions, and capture a greater share of the $248 billion that Ampere Analysis predicts will be spent globally in 2025 to produce content. ***
(Excerpt) Read more at nypost.com ...
You know what’s great about Pres. Trump?
He’s a big picture guy.
These tariffs are part of the big picture.
To all the folks who feel their oxen are getting gored...
This is about saving our republic.
Are you on board with that or not?
If it doesn’t place basic industrial production, housing production, arms production or American lives at risk, then it really isn’t a national security threat.
I can live without 21st century video and music quite well.
BTW, TN’s taxpayers may come to rue those incentives.
If incentives worked, NYS would be an economic paradise instead of an economic wasteland.
But states, in our republic, are able to offer incentives.
Those are fighting words
that phrase should always be expressed in ‘murican
dems fightin’ words
“Are you on board with that or not?”
Hollywood once had a highly productive studio system.
In the 1950s, TV shows were produced at modest cost.
Look at the credits at the end of a modern movie. The complexity and cost of film production has exploded.
JFK’s father once was in the movie business and made low-cost movies that could be shown for a nice profit.
Perhaps the Hollywood unions might consider dumping legal action.
Since they lose money, is there a negative tariff?
We pay to import them?
No.
Next needs to be remittances. ALL money wired to Mexico and other foreign countries needs to be taxed at FIFTY PERCENT.
MINIMUM.
Far more true of Hollywood productions than foreign films.
I have proposed a closed industry banking system in the past for the motor vehicle industry.
Car dealers, Ford, GM, Toyota USA, etc. might have to use a special banking system that would have no direct ability to send US dollars out of the USA. Money would have to be paid to companies such as those making parts within the system or to workers upon which US personal income and employment taxation would apply.
How would Toyota USA take out its profit and send it to Japan? Cars assembled in California!
Perhaps a similar system could be sent up for the media business.
I’m aware that the media business may not have the regularity required. This is just a suggestion for consideration.
Hollywood is the second largest of Chinas investment programs like nobody saw that coming.
Trump is just trolling here. He’s trying to fire up the base.
“ALL money wired to Mexico and other foreign countries needs to be taxed at FIFTY PERCENT.”
Such a high percentage would result in evasion.
I was thinking of a 10% money export tax instead of a 10% base tariff. This would get remittances and foreign travel expenditures (and my Mexican dental work) as well as the stuff the 10% base tariff would.
The remittances should be taxed to help fund the “due process” the Roberts court wants.
Power of the Air | Full Movie | A Dave Christiano Film
https://m.youtube.com/watch?v=sjEWbpGvswo
The base isn’t fired up enough already?
And does it have a huge, vested interest in the financial well-being of Hollywood moguls?
We had a Guatemalan housekeeper for years. We withheld for Social Security, she paid taxes, and she sent money back every month to her family in Central America.
What right would we have to essentially steal money from her?What little she could send was earned by the sweat of her brow. Should we also penalize the legal tomato pickers and apple pickers who provide food for our tables?
He’ll never get the Hollywood vote no matter what he does.
What “American” movies need is not tariffs or any government, just good ole markets and capitalists. If the present “American” movie studios continue to fail, some American capital and new American movie studios can rise to replace them. The talent will follow, as they want to work.
There are a thousand reasons why the US movie industry is dying a "very fast death." Foreign tax credits is probably last on that list. Let Hollywood die, Donald. It will be best for everyone.
Apparently, he can spend his time on this AND other matters.
does not affect me, just because i have extra cash for ‘entertainment’ i watch my movies for free by pirating.
Woke Hollywood deserves to die. People are voting with their wallets and they don’t like what they see. Disney is the poster child for why Hollywood is dying.
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