On Monday at the White House, President Donald Trump shared that he intends to hold talks with American movie industry leaders about enforcing a 100% tax on movies produced outside the U.S.
“I’m not looking to hurt the industry; I want to help the industry,” he said.
He mentioned that we will be conferring with representatives from our sector, and I emphasize the importance of their satisfaction since our focus is on job creation. This was stated in the Oval Office, as reported by CNBC.
On Sunday night, Donald Trump put forth a daring suggestion via Truth Social about imposing a 100% tax on movies produced outside the United States. It remained unclear if this measure would extend to television production or films created by overseas producers as well.
Trump stated on Monday that Hollywood isn’t involved in that line of work much. Although they have a fancy logo, their actual involvement is limited.
On Monday, the White House communicated that a definitive choice regarding tariffs hadn’t been made yet. However, they are actively considering various possibilities.
Though no definitive choices about foreign movie taxes have been announced yet, the Administration is examining every possible strategy to meet President Trump’s instruction regarding the protection of our nation’s safety and prosperity, as well as revitalizing Hollywood,” stated White House representative Kush Desai in a communique.
On Monday, California Governor Gavin Newsom made it clear that he is dedicated to boosting California’s renowned movie and TV industry. He sees this sector as a crucial part of the state’s economy, providing numerous high-paying jobs across various industries throughout the state. His proposal to significantly increase California’s film and television tax credit demonstrates his determination to keep production within the state, thereby supporting local workers and preserving California’s position as a world leader in entertainment.
Once the President presents a detailed plan, we’ll take a close look at it,” said Newom in conclusion.
In the meantime, Duncan Crabtree-Ireland from SAG-AFTRA spoke out, expressing support for boosting film and television production in the U.S. He emphasized that SAG-AFTRA will keep pushing for policies that enhance America’s competitive edge, stimulate economic development, and generate quality jobs for American workers within the middle class.
I’m excited to delve deeper into the details of the President’s proposed plan, and I hope we can have a meaningful conversation to move towards our mutual objectives.
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2025-05-05 22:17