Donald Trump strikes abroad competition again and announces drastic steps. This time it is about 1 of the most iconic branches of American culture – and something that generates billions of dollars a year. The president of the United States speaks of "stealing" and "national security".
U.S. president Donald Trump announced on Sunday that "he will immediately begin the process of imposing 100% tariffs" on films produced abroad. He justified this decision with the request to defend the national movie industry, which in his opinion experiences "very fast death" as a consequence of abroad competition.
"The American movie manufacture dies very rapidly (...) Hollywood and many another parts of the United States are devastated," Trump wrote on fact Social platform.
"Other countries offer all kinds of incentives to draw our filmmakers and studios distant from the United States," stressed the president of the United States.
According to him, this is simply a "coordinated effort", a "risk to national security".
When asked about his entry by journalists, Trump announced that abroad states + stolen American movie industry+ attracting movie production with subsidies. As he added, the duties would correct the mistakes of his predecessors who +allowed this to happen+."
According to various business publications, the American movie and amusement manufacture remains a crucial market, generating gross of $29.9 billion in 2023, with growth forecasts of up to $47.7 billion in 2030.
However, available data do not let a precise definition of the commercial balance of imports and exports of films.
From fresh York, Andrzej Dobrowolski (PAP)
