Donald Trump has said he will slap a 100 per cent tariff on all films produced abroad, expanding his trade war to the cinema industry in order to thwart what he described as the “very fast death” of Hollywood.
The US president made the announcement on his Truth Social platform on Sunday night as he returned to Washington from a weekend at his Mar-a-Lago resort in Florida, though he did not offer further details.
“The Movie Industry in America is DYING a very fast death. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated,” he wrote.
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