Trump’s movie tariff threat is already unraveling
How did your country report this? Share your view in the comments.
Introduction:
The news topic “Trump’s movie tariff threat is already unraveling” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- Hollywood studios were left scratching their heads over how such a tax would work. California Governor Gavin Newsom on Monday appeared to prefer a gentler approach, calling on Trump to create a $7.5 billion federal tax credit for the movie and television industry. The bigger chunk of our economic pie is known as services — think Google, Netflix, Facebook, the plumbing of the internet, banking, insurance. Trump’s Hollywood Ambassador said he met with Trump recently to discuss “certain tax provisions that can help the industry.” But that sounds like mostly incentives, not tariffs, and it’s not clear whether the president is serious about the plan to impose a tax on foreign films in the U.S., he said. He also said that he recommended a carrot and Trump announced a stick, in other words, the carrot and the stick are different.
- Filmmakers and Hollywood financiers are baffled, to say the least, by President Trump’s announcement that he wants a 100% tariff on movies produced outside the United States. “In its current form, the tariff doesn’t make sense,” Jay Sures, vice chairman of United Talent Agency, told CNN. Some of the industry sources who spoke with CNN doubt that any such tariff plan will actually be implemented. As intellectual property, movies are a form of services – not goods, and it’s unclear how Trump’s tariffs on foreign movies would work. But the prospect of film levies has injected even more uncertainty into an already-unsettled business.. Shares of Netflix and other major entertainment companies fell Monday as investors digested Trump”s confusing comments..
- President Donald Trump says he has instructed the Commerce Department and US Trade Representative to place a 100% tariff on films that are produced outside the United States. Films are intellectual property, not goods, so they represent a kind of service that is not currently subject to tariffs. It’s not at all clear how such a tariff would be imposed. Many foreign cities have offered large tax breaks to film and televisions studios to shoot movies and shows outside of Hollywood. That has led to a large number of productions to shift operations to places like Toronto and Dublin. In response, California Governor Gavin Newsom has proposed a massive tax credit to bring back production to Hollywood.“Hollywood, and many other areas within the U.S.A., are being devastated,” Trump wrote in a post on his social media platform Truth Social.
Country-by-Country Breakdown:
Original Coverage
Hollywood studios were left scratching their heads over how such a tax would work. California Governor Gavin Newsom on Monday appeared to prefer a gentler approach, calling on Trump to create a $7.5 billion federal tax credit for the movie and television industry. The bigger chunk of our economic pie is known as services — think Google, Netflix, Facebook, the plumbing of the internet, banking, insurance. Trump’s Hollywood Ambassador said he met with Trump recently to discuss “certain tax provisions that can help the industry.” But that sounds like mostly incentives, not tariffs, and it’s not clear whether the president is serious about the plan to impose a tax on foreign films in the U.S., he said. He also said that he recommended a carrot and Trump announced a stick, in other words, the carrot and the stick are different. Read full article
Hollywood is shaken by Trump’s tariff plan for the movie industry
Filmmakers and Hollywood financiers are baffled, to say the least, by President Trump’s announcement that he wants a 100% tariff on movies produced outside the United States. “In its current form, the tariff doesn’t make sense,” Jay Sures, vice chairman of United Talent Agency, told CNN. Some of the industry sources who spoke with CNN doubt that any such tariff plan will actually be implemented. As intellectual property, movies are a form of services – not goods, and it’s unclear how Trump’s tariffs on foreign movies would work. But the prospect of film levies has injected even more uncertainty into an already-unsettled business.. Shares of Netflix and other major entertainment companies fell Monday as investors digested Trump”s confusing comments.. Read full article
Trump orders a 100% tariff on foreign movies
President Donald Trump says he has instructed the Commerce Department and US Trade Representative to place a 100% tariff on films that are produced outside the United States. Films are intellectual property, not goods, so they represent a kind of service that is not currently subject to tariffs. It’s not at all clear how such a tariff would be imposed. Many foreign cities have offered large tax breaks to film and televisions studios to shoot movies and shows outside of Hollywood. That has led to a large number of productions to shift operations to places like Toronto and Dublin. In response, California Governor Gavin Newsom has proposed a massive tax credit to bring back production to Hollywood.“Hollywood, and many other areas within the U.S.A., are being devastated,” Trump wrote in a post on his social media platform Truth Social. Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
- Original Article
- Hollywood is shaken by Trump’s tariff plan for the movie industry
- Trump orders a 100% tariff on foreign movies
Source: https://www.cnn.com/2025/05/06/business/trump-movie-tariff-threat-nightcap