President Donald Trump stated in a Truth Social put up on Monday he can be imposing a 100% tariff “on any and all movies that are made outside of the United States.”
Trump didn’t specify when or how the tariff could possibly be enacted.
If Trump follows by means of together with his menace, it will mark the primary time he’s basically imposed a tariff on a service quite than a uncooked good.
The president initially threatened a 100% tariff on foreign-produced movies in May, arguing that different international locations supply tax incentives which have drawn filmmakers overseas. In his put up on Monday, he singled out California, saying the state “has been particularly hard hit!”
This is a growing story and can be up to date.