<div data-olk-copy-source="MessageBody">US President Donald Trump has announced plans to impose a 100 per cent tariff on all movies &ldquo;produced in foreign lands&rdquo; on Sunday, arguing that the American film industry is "dying a very fast death" due to the incentives offered by foreign governments, which he claims lure US filmmakers overseas.</div>
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<div>In a post on Truth Social, Trump said, &ldquo;Hollywood, and many other areas within the USA, are being devastated. This is a concerted effort by other nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda! Therefore, I am authorising the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100 per cent tariff on any and all movies coming into our country that are produced in foreign lands.&rdquo;</div>
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<div>&ldquo;We want movies made in America, again!&rdquo; the post further said.</div>
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<div>Replying to his post, the US Commerce Secretary Howard Lutnick said, "We're on it", in a post on social media platform X.</div>
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<div>Both Trump and Lutnick have not yet provided any clarity on how these tariffs will be imposed and who it will be targeted at.</div>
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<h2><b data-olk-copy-source="MessageBody">What prompted the move?</b></h2>
<div>The protectionist move by the US President follows China&rsquo;s recent decision to reduce the number of American films allowed in its market. After the US, China is the world&rsquo;s second-largest film market in the world and the move could be a blow to big Hollywood studios like Disney, Warner Bros. and Paramount, which are already struggling to recover from the pandemic.</div>
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<div>The China Film Administration, in a statement on April 10, said, &ldquo;The wrong action of the US government to abuse tariffs on China will inevitably further reduce the domestic audience&rsquo;s favourability towards American films,&rdquo;<span>&nbsp;</span><i>The Guardian<span>&nbsp;</span></i>reported.</div>
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<div>Hollywood studios spent $11.3 billion on productions in the second quarter of 2024, a 20 per cent drop from the same period in 2022, reflecting a downturn in industry activity. Globally, film and television production levels declined by 20 per cent, while the US saw a sharper 40 per cent decline from pre-strike levels. The Greater Los Angeles Area experienced a 36.4 per cent decrease in shoot days compared to its five-year average, underscoring the widespread impact of production slowdowns across key sectors.</div>
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<div>Governments around the world have offered more generous tax credits and cash rebates to lure production, and capture a greater share of the $248 billion that Ampere Analysis predicts will be spent globally in 2025 to produce content.</div>
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<div>Worried about the growing troubles of the American film industry, last month, hundreds of Hollywood crew members, producers and actors urged California legislators to increase tax incentives and enact other measures to encourage more film and TV production in and around Los Angeles.</div>
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<div>As the trade war between the US and China escalates, the entertainment industry, particularly Hollywood, faces significant challenges. While tariffs and trade restrictions are disrupting global supply chains and affecting multiple sectors, Hollywood&rsquo;s increasing reliance on international locations like the UK for film production may turn out to be a unique challenge for the American film industry. The growing uncertainty could force the industry to reconsider its global strategies, potentially reshaping the landscape of film production, distribution, and international partnerships for years to come.</div>
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<div><span>(<em>With inputs from agencies</em>)</span></div>
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Business & Economy: Intensifying his protectionist policies, Trump plans to impose a 100% tariff on all movies produced outside the US. The move could impact Hollywood

US President Donald Trump has announced plans to impose a 100 per cent tariff on all movies “produced in foreign lands” on Sunday, arguing that the American film industry is "dying a very fast death" due to the incentives offered by foreign governments, which he claims lure US filmmakers overseas. In a post on Truth Social, Trump said, “Hollywood, and many other areas within the USA, are being devastated. This is a concerted effort by other nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda! Therefore, I am authorising the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100 per cent tariff on any and all movies coming into our country that are produced in foreign lands.” “We want movies made in America, again!” the post further said. Replying to his post, the US Commerce Secretary Howard Lutnick said, "We're on it", in a post on social media platform X. Both Trump and Lutnick have not yet provided any clarity on how these tariffs will be imposed and who it will be targeted at. What prompted the move? The protectionist move by the US President follows China’s recent decision to reduce the number of American films allowed in its market. After the US, China is the world’s second-largest film market in the world and the move could be a blow to big Hollywood studios like Disney, Warner Bros. and Paramount, which are already struggling to recover from the pandemic. The China Film Administration, in a statement on April 10, said, “The wrong action of the US government to abuse tariffs on China will inevitably further reduce the domestic audience’s favourability towards American films,” The Guardian reported. Hollywood studios spent $11.3 billion on productions in the second quarter of 2024, a 20 per cent drop from the same period in 2022, reflecting a downturn in industry activity. Globally, film and television production levels declined by 20 per cent, while the US saw a sharper 40 per cent decline from pre-strike levels. The Greater Los Angeles Area experienced a 36.4 per cent decrease in shoot days compared to its five-year average, underscoring the widespread impact of production slowdowns across key sectors. Governments around the world have offered more generous tax credits and cash rebates to lure production, and capture a greater share of the $248 billion that Ampere Analysis predicts will be spent globally in 2025 to produce content. Worried about the growing troubles of the American film industry, last month, hundreds of Hollywood crew members, producers and actors urged California legislators to increase tax incentives and enact other measures to encourage more film and TV production in and around Los Angeles. As the trade war between the US and China escalates, the entertainment industry, particularly Hollywood, faces significant challenges. While tariffs and trade restrictions are disrupting global supply chains and affecting multiple sectors, Hollywood’s increasing reliance on international locations like the UK for film production may turn out to be a unique challenge for the American film industry. The growing uncertainty could force the industry to reconsider its global strategies, potentially reshaping the landscape of film production, distribution, and international partnerships for years to come. (With inputs from agencies)

Donald Trump to impose tariffs on film production, is it a bad news for Hollywood?

<p>China has accused that the new tariff imposed by the United States President Donald Trump is "discriminatory" as the country filed a complaint with the World Trade Organization (WTO). This comes a day after the US imposed a 10 per cent border tax on Chinese goods. The US called the additional tax a measure to address the influx of illegal drugs. China accused Trump of making "unfounded and false allegations" to justify the tariffs on its goods and violating trade rules.&nbsp;</p>
<p><strong>Also read: <a href="https://www.wionews.com/autonews/european-carmaker-shares-drop-as-trump-imposes-tariffs-8689729">European carmaker shares drop as Trump imposes tariffs</a></strong></p>
<p>A former WTO official has told BBC that China has "no possibility of succeeding" as the panel of WTO that deals with trade disputes remain unable to function.&nbsp;</p>
<p>The US-China dispute emerged after Trump's announcement of tariff on China, Mexico and Canada (Now halted for 30 days in Canda and Mexico). The decision by Trump has sparked concerns among economists and several other countries.</p>
<p>Analysts argue that the US itself is likely to pay the price for the tariffs. A recent report by the ABC News said several commodities will be expensive in America.&nbsp;</p>
<p><strong>Also read: <a href="https://www.wionews.com/business-economy/china-steps-up-stimulus-to-recharge-growth-ahead-of-us-tariffs-783673">China steps up stimulus to recharge growth ahead of US tariffs</a></strong></p>
<p>Furthermore, on Tuesday (Feb 04), the United States Postal Service (USPS) announced that it will temporarily suspend accepting parcels from mainland China and Hong Kong.&nbsp;</p>
<p><strong>Also read: <a href="https://www.wionews.com/world/donald-trump-imposes-tariffs-on-canada-mexico-and-china-these-things-will-be-costlier-in-us-8682445">US tariffs on Canada, Mexico and China - Here's what will be costlier for Americans now</a></strong></p>
<p>In retaliation, China announced that it would impose 15 per cent tariffs on imports of coal and liquefied natural gas from the United States.</p>
<p>"A 15 per cent tariff will be imposed on coal and liquefied natural gas (LNG)," Beijing's finance ministry said on Tuesday (Feb 4). He added the tariffs come into force next Monday.</p>
<p><strong>Also read: <a href="https://www.wionews.com/business-economy/trudeau-warns-us-tariffs-on-canada-would-harm-american-workers-775153">Trudeau warns US tariffs on Canada would harm American workers</a></strong></p>
<p><em>(With inputs from agencies)</em></p>
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World | The US called the additional tax a measure to address the influx of illegal drugs. China accused Trump of making "unfounded and false allegations" to justify the tariffs on its goods and violating trade rules. 

China has accused that the new tariff imposed by the United States President Donald Trump is "discriminatory" as the country filed a complaint with the World Trade Organization (WTO). This comes a day after the US imposed a 10 per cent border tax on Chinese goods. The US called the additional tax a measure to address the influx of illegal drugs. China accused Trump of making "unfounded and false allegations" to justify the tariffs on its goods and violating trade rules. Also read: European carmaker shares drop as Trump imposes tariffs A former WTO official has told BBC that China has "no possibility of succeeding" as the panel of WTO that deals with trade disputes remain unable to function. The US-China dispute emerged after Trump's announcement of tariff on China, Mexico and Canada (Now halted for 30 days in Canda and Mexico). The decision by Trump has sparked concerns among economists and several other countries. Analysts argue that the US itself is likely to pay the price for the tariffs. A recent report by the ABC News said several commodities will be expensive in America. Also read: China steps up stimulus to recharge growth ahead of US tariffs Furthermore, on Tuesday (Feb 04), the United States Postal Service (USPS) announced that it will temporarily suspend accepting parcels from mainland China and Hong Kong. Also read: US tariffs on Canada, Mexico and China - Here's what will be costlier for Americans now In retaliation, China announced that it would impose 15 per cent tariffs on imports of coal and liquefied natural gas from the United States. "A 15 per cent tariff will be imposed on coal and liquefied natural gas (LNG)," Beijing's finance ministry said on Tuesday (Feb 4). He added the tariffs come into force next Monday. Also read: Trudeau warns US tariffs on Canada would harm American workers (With inputs from agencies)

China lodges complaint with WTO against 'discriminatory' US tariffs

<p>Top US and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to <a href="https://www.wionews.com/americas/donald-trump-xi-jinping-and-trade-a-high-stakes-game-of-chicken-216697">hike tariffs on hundreds of billions</a> of dollars of goods imported from China.</p>

<p>Tension between <a href="https://www.wionews.com/world/adding-tariffs-cant-resolve-any-problem-says-china-on-trade-conflict-with-us-216682">Washington and Beijing has risen</a> after a major setback in negotiations last week when China revised a draft deal and weakened commitments to meet US demands for trade reform.</p>

<p>President Donald Trump responded by ordering a tariff hike, and China has said it would retaliate. The 10-month-old trade war has already cost companies in both countries billions of dollars.</p>

<div class="videoWrapper trancodeVideo"><iframe src="https://www.wionews.com/videos/no-end-to-us-china-trade-war-217290/embed" width="560" height="350" style="width:100%;max-width:560px;" class="includeVideo" frameborder="0" autoplay=1 allowfullscreen></iframe></div>

<p>Chinese Vice Premier Liu He, US&nbsp;Trade Representative Robert Lighthizer and US&nbsp;Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday. Officials did not speak to reporters as they left the talks.</p>

<p>Before they get back around the table on Friday, the United States will have increased duties on $200 billion of Chinese goods, to 25 per cent from 10 per cent. The duties apply to cargoes leaving China after 12:01 a.m. EDT (0401 GMT) Friday.</p>

<p>Consumer products, including cell phones, computers, clothing and toys, are to be especially hard hit.</p>

<p>Trump on Thursday took aim at the $325 billion in Chinese goods that are so far untouched by the trade war, saying he was "starting ... paperwork today" to tax those with a punitive tariff of 25 per cent.</p>

<p>Trump, who has adopted protectionist policies as part of his "America First" agenda aimed at rebalancing global trade and boosting US manufacturing, accused Beijing of reneging on commitments made during months of negotiations.</p>

<p>"We were getting very close to a deal, then they started to renegotiate the deal. We can't have that. We can't have that," Trump said at an event at the White House.</p>

<p>Trump said if the two sides cannot make a deal, the United States would go back to manufacturing products that China now makes. "It'll be the old-fashioned way, the way we used to do it: We made our own product."</p>

<p>US&nbsp;stock indexes closed lower on Thursday ahead of the trade talks, though they pared losses after Trump said he had received a "beautiful" letter from Chinese President Xi Jinping. US oil prices slid and US Treasury yields fell as investors sought safe-haven assets.</p>

<p>Data released Thursday showed the US goods trade deficit with China shrank to its smallest level in five years in March, which could further embolden Trump as he escalates the trade war with Beijing.</p>

<p>China appealed to the United States to help salvage the deal earlier on Thursday. Commerce Ministry spokesman Gao Feng said the decision to send Liu to Washington despite the tariff hike threat demonstrated China's "utmost sincerity."</p>

<p>"The US side has given many labels recently, 'backtracking,' 'betraying,' etc. ... China sets great store on trustworthiness and keeps its promises, and this has never changed," he told a news briefing in Beijing.</p>

<p>A source familiar with the talks said China's changes to the language of the draft trade deal were so extensive it could take a month to fix them, assuming the United States rejects them.</p>

<p>The talks could still go several ways, a person close to the discussions said.</p>

<p>China could make some concessions to prolong talks even after tariffs and retaliation. The two sides could end negotiations, given they are so far apart. Or China could reverse the changes to the text and return the negotiations to where they were a week ago and work toward a deal to be signed at the G20 summit in Japan in June, the source said.</p>


Top US and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.

Top US and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China. Tension between Washington and Beijing has risen after a major setback in negotiations last week when China revised a draft deal and weakened commitments to meet US demands for trade reform. President Donald Trump responded by ordering a tariff hike, and China has said it would retaliate. The 10-month-old trade war has already cost companies in both countries billions of dollars. Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday. Officials did not speak to reporters as they left the talks. Before they get back around the table on Friday, the United States will have increased duties on $200 billion of Chinese goods, to 25 per cent from 10 per cent. The duties apply to cargoes leaving China after 12:01 a.m. EDT (0401 GMT) Friday. Consumer products, including cell phones, computers, clothing and toys, are to be especially hard hit. Trump on Thursday took aim at the $325 billion in Chinese goods that are so far untouched by the trade war, saying he was "starting ... paperwork today" to tax those with a punitive tariff of 25 per cent. Trump, who has adopted protectionist policies as part of his "America First" agenda aimed at rebalancing global trade and boosting US manufacturing, accused Beijing of reneging on commitments made during months of negotiations. "We were getting very close to a deal, then they started to renegotiate the deal. We can't have that. We can't have that," Trump said at an event at the White House. Trump said if the two sides cannot make a deal, the United States would go back to manufacturing products that China now makes. "It'll be the old-fashioned way, the way we used to do it: We made our own product." US stock indexes closed lower on Thursday ahead of the trade talks, though they pared losses after Trump said he had received a "beautiful" letter from Chinese President Xi Jinping. US oil prices slid and US Treasury yields fell as investors sought safe-haven assets. Data released Thursday showed the US goods trade deficit with China shrank to its smallest level in five years in March, which could further embolden Trump as he escalates the trade war with Beijing. China appealed to the United States to help salvage the deal earlier on Thursday. Commerce Ministry spokesman Gao Feng said the decision to send Liu to Washington despite the tariff hike threat demonstrated China's "utmost sincerity." "The US side has given many labels recently, 'backtracking,' 'betraying,' etc. ... China sets great store on trustworthiness and keeps its promises, and this has never changed," he told a news briefing in Beijing. A source familiar with the talks said China's changes to the language of the draft trade deal were so extensive it could take a month to fix them, assuming the United States rejects them. The talks could still go several ways, a person close to the discussions said. China could make some concessions to prolong talks even after tariffs and retaliation. The two sides could end negotiations, given they are so far apart. Or China could reverse the changes to the text and return the negotiations to where they were a week ago and work toward a deal to be signed at the G20 summit in Japan in June, the source said.

As US, Chinese officials meet for trade talks, Trump's tariffs on China set to take effect

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Donald Trump to impose tariffs on film production, is it a bad news for Hollywood?

China lodges complaint with WTO against 'discriminatory' US tariffs

As US, Chinese officials meet for trade talks, Trump's tariffs on China set to take effect