Date: September 29, 2025
Source: ABC News
📢 The Announcement
President Donald Trump has declared that the United States will impose a 100% tariff on all movies produced outside the country. In a post on Truth Social, he stated:
“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby.’”
He further criticized California Governor Gavin Newsom, labeling him as “weak and incompetent,” and claimed that California has been particularly affected by foreign-made films.
🎥 Industry Implications
This move is expected to significantly impact Hollywood, which has increasingly relied on international co-productions and foreign markets. The 100% tariff could disrupt the global business model of major studios and streaming platforms.
🏛️ Political Reactions
While the White House has not provided specific details on the implementation of this tariff, President Trump has previously suggested appointing figures like Mel Gibson, Sylvester Stallone, and Jon Voight as special ambassadors to Hollywood to encourage domestic film production.
📉 Market Response
Following the announcement, stock prices of major entertainment companies, including Warner Bros. Discovery and Paramount Skydance, experienced declines, reflecting investor concerns over potential disruptions in the film industry.