Wu said that Trump stated that the American film industry is rapidly declining, with other countries attracting American filmmakers and production companies through various incentives, severely impacting Hollywood and other regions. In response to this situation, he has authorized the U.S. Department of Commerce and the Office of the Trade Representative to immediately initiate procedures to impose a 100% tariff on all imported films produced abroad.
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Trump plans to impose a 100% tariff on imported foreign films.
Wu said that Trump stated that the American film industry is rapidly declining, with other countries attracting American filmmakers and production companies through various incentives, severely impacting Hollywood and other regions. In response to this situation, he has authorized the U.S. Department of Commerce and the Office of the Trade Representative to immediately initiate procedures to impose a 100% tariff on all imported films produced abroad.