Donald Trump announced that he had authorized the Trade Department to immediately start the process of applying a 100 % duties on all films produced abroad. The President of the United States justified this decision by the need to protect the national film industry.
Key facts:
- Donald Trump said that foreign countries “stole the film industry”.
- 100 % duties – as he said – would fix the mistakes of his predecessors
- The American film and entertainment industry remains a significant market, generating billions of dollars.
“The American film industry is dying very quickly,” said Donald Trump in the Truth Social Platform on Sunday. “Other countries offer all kinds of encouragement to pull our filmmakers and studies from the United States,” said the president USA.
According to him, this is “coordinated effort, which is a threat to national security.”
“I am authorizing the Department of Trade and the United States Trade Representative to immediately start the process of applying a 100 % duties on all films imported to our country that were produced abroad,” Trump announced.
Significant market
When asked about his entry by journalists, Trump said that “foreign countries stole the film industry America, attracting the production of films with subsidies.” He added that “duties are to fix the mistakes of his predecessors who allowed it to happen.”
According to various business publications, the American film and entertainment industry remains a significant market that generated the income of about $ 29 billion in 2023, with growth forecasts to $ 47.7 billion in 2030.
The available data, however, does not allow for precise determination of the trade balance in the field of import and export of films.
Author/author: TAS/KA
Source: PAP, tvn24.pl
Source of the main photo: Chris Kleponis/PAP/EPA