Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
The Hollywood Reporter reported on May 4 that US President Trump had announced the same day that he would impose a “100% tariff” on any films produced outside the United States that enter the country. He also authorized the Commerce Department and the US Trade Representative to implement the tariff policy.
“The American film industry is rapidly dying!” Trump wrote on social media on May 4. It said that other countries were using various incentives to “entice American film producers and studios to leave the United States.” Trump also said that Hollywood had been “severely damaged” as a result, posing a “national security threat” to the United States. He authorized the Commerce Department and the U.S. Trade Representative to immediately begin procedures to impose 100% tariffs on all films imported into the United States and produced in foreign countries, expressing his hope to “have American-made films again.”
In recent years, Hollywood has taken advantage of tax incentives to move film production to countries such as the UK, Australia, Ireland and Spain.
According to the Guardian and Reuters, the Australian and New Zealand governments have already made their positions known on May 5, declaring that they will vigorously defend the interests of their film and television industries. William Reinsch, a senior fellow at the Center for Strategic and International Studies and a former senior official at the U.S. Department of Commerce, believes that imposing tariffs on foreign-made films “would cause far more problems than they are worth,” and that it is difficult to convince people that foreign-made films are a “national security threat.” One U.S. entertainment industry official believes that Trump’s move will not only affect film, but will also “deal a crushing blow to the television industry.”