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Trump considers tariffs on foreign-made films amid trade talks

Trump considers tariffs on foreign-made films amid trade talks
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Trump considers tariffs on foreign-made films amid trade talks
President Donald Trump is considering imposing tariffs on foreign-made films, suggesting the status quo is a national security concern.Trump is targeting movies made outside the United States, claiming that foreign countries offer incentives to lure U.S. filmmakers and studios away. He said Monday he's going to meet with industry leaders to discuss the new potential tariffs."I'm not looking to hurt the industry, I want to help the industry. But they're given financing by other countries, they're given a lot of things. And the industry was just decimated," Trump said in the Oval Office.The president posted on social media that he is directing the Department of Commerce and the U.S. Trade Representative to start the process of imposing a 100% tariff on all foreign-made films. Actor Rob Lowe highlighted the industry's challenges, saying, "It's cheaper to bring 100 American people to Ireland than to walk across the lot at Fox past the sound stages and do it there."Craig Shepherd, a Boston University professor and film industry veteran, expressed skepticism about the effectiveness of tariffs on the industry."We've had a $15 billion surplus in the movie industry this year. So I just, I don't understand the argument. But yeah, it's about tax incentives at home," Shepherd said.The Trump administration is also working to secure new trade deals with countries as soon as this week and aims to de-escalate a trade war with China, which faces a 145% tariff on its goods. White House Correspondent Kalyn Norwood asked about efforts to make a deal with China.Trump said, "Well, you know, I want a fair deal with China, but China has been ripping us off for many years, so maybe something should be thought about, you know. A little bit of retribution."Trump is set to host Canada's new prime minister, Mark Carney, at the White House on Tuesday. Trump mentioned he is unsure why Carney is meeting with him, but guesses it might be to make a deal.Some experts question how tariffs on foreign films would be imposed, given the global nature of the service industry.

President Donald Trump is considering imposing tariffs on foreign-made films, suggesting the status quo is a national security concern.

Trump is targeting movies made outside the United States, claiming that foreign countries offer incentives to lure U.S. filmmakers and studios away. He said Monday he's going to meet with industry leaders to discuss the new potential tariffs.

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"I'm not looking to hurt the industry, I want to help the industry. But they're given financing by other countries, they're given a lot of things. And the industry was just decimated," Trump said in the Oval Office.

The president posted on social media that he is directing the Department of Commerce and the U.S. Trade Representative to start the process of imposing a 100% tariff on all foreign-made films.

Actor Rob Lowe highlighted the industry's challenges, saying, "It's cheaper to bring 100 American people to Ireland than to walk across the lot at Fox past the sound stages and do it there."

Craig Shepherd, a Boston University professor and film industry veteran, expressed skepticism about the effectiveness of tariffs on the industry.

"We've had a $15 billion surplus in the movie industry this year. So I just, I don't understand the argument. But yeah, it's about tax incentives at home," Shepherd said.

The Trump administration is also working to secure new trade deals with countries as soon as this week and aims to de-escalate a trade war with China, which faces a 145% tariff on its goods.

White House Correspondent Kalyn Norwood asked about efforts to make a deal with China.

Trump said, "Well, you know, I want a fair deal with China, but China has been ripping us off for many years, so maybe something should be thought about, you know. A little bit of retribution."

Trump is set to host Canada's new prime minister, Mark Carney, at the White House on Tuesday. Trump mentioned he is unsure why Carney is meeting with him, but guesses it might be to make a deal.

Some experts question how tariffs on foreign films would be imposed, given the global nature of the service industry.