“To solve this endless problem, I will impose 100% tariffs on all films produced outside the United States,” he said.
It did not give a deadline for the possible entry into force of these customs rates, nor did it mention whether television series, an increasingly profitable and popular production sector, would be affected.
In May, Trump had said that “immediately initiated the process of imposition of tariffs” to the films produced abroad, denouncing the “incentives” offered by other countries “to move our filmmakers and studies in the United States away.”
The idea was received with coldness by most studies and unions, which signed a joint letter asking for greater tax incentives for American audiovisual production.
At the end of June, the California Legislature approved to double the fiscal credits for film and television production in an effort to stop the Hollywood decline.
The implications of the new announcement for the film industry remain uncertain for now.
The American film industry faces the competition of multiple tax incentives programs worldwide (United Kingdom, France, Hungary, Thailand, etc.) to attract film and series productions.
However, some observers fear that this measure is insufficient to reactivate an important sector of the US economy, but in frank depression.
In Los Angeles, the number of shooting days reached a historical minimum in 2024, not counting the total freezing of the production caused by the pandemic in 2020.
California Democratic governor Gavin Newsom, even expressed his willingness to collaborate with Trump to implement a federal plan of 7.5 billion dollars to support production throughout the country, in the form of fiscal credit.
Trump also reiterated his desire to impose tariffs on furniture manufactured abroad, without specifying the rate or deadline.
