Trump justifies tariffs on foreign films

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Trump justifies tariffs on foreign films

During the night of last Sunday, May 4, the US President Donald Trump He made the decision to extend his commercial war towards cinema and announced publicly through his social networks that he had ordered a 100% tariff to all Imported movies that are produced outside the United States.

“The American film industry is dying. Other countries offer all kinds of incentives to remove our filmmakers and studies from the United States. Therefore, I authorize the process of establishing a 100% tariff to all films that enter our country produced abroad, “Trump wrote in Social truth.

So far the way in which this tariff in the United States will really be imposed, considering that the films are cataloged as intellectual propertynot like estateso that type of services was not yet subject to The new taxes of the Republican president 78 years old, until now.

Given this situation, the Department of Commerce and the United States Commercial Representative point out that “some services may be subject to certain commercial barriers non -tariffsuch as tax regulations or incentives. However, it is believed that these measures could harm to the cinematographic production of the United States.

Fiscal Executions to Film Studies

Since 2020, various cities outside the US Fiscal Executions (Privilege to be free to pay taxes) to film studies, with the objective of recording more films and series outside Hollywoodthe neighborhood in Los Angeles, Californiawhich has become a symbol of the entertainment industry.

These fiscal excursions have caused dozens of cinematographic productions to decide to transfer their operations to other places, such as Toronto in Canada and Dublin In Ireland. Given the circumstances, the governor of California, Gavin Newson, recently proposed a new fiscal credit so that the cinema returns to Hollywood.

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“We want movies made in the United States, again! Hollywood and many other US areas, are being devastated. This is a concerted effort of other nations and, therefore, a threat to national security. This can be considered as propaganda to affect the country, ”Trump added in his social networks.

However, despite the comments of the US president, Governor Newson said Hollywood is far from being devastated: “Film tickets if they have dropped in the United States but it is because the number of films has collapsed since the pandemic. Consumers have changed their habits, “Gavin added.

According to Governor Gavin Newson, the chains of streaming The owners of the great studies in Hollywood have become and that has affected the number of premieres: “except Netflixall these platforms have taken many years to obtain economic benefits. This change process has slowed down To the cinema, “he said.

On the other hand, due to the new tariffs of President Donald Trump to foreign cinema, the most immediate consequence of this measure has been the fall in the Bag of Values of some names in the American film industry, such as Warner, Paramount and Disney, which lost 3% in the last hours this May 5.

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