
President Trump on Sunday announced movies as the latest target for tariffs because the U.S. movie industry "is DYING a very fast death."
In a Truth Social post, the president said he's authorizing the Department of Commerce and the United States Trade Representative to begin the process of imposing a 100% tariffs "on any and all Movies coming into our Country that are produced in Foreign Lands."
It wasn't immediately clear how the tariffs would be applied.
Mr. Trump said the incentives that other countries are offering filmmakers and studios...
Continue reading...In a Truth Social post, the president said he's authorizing the Department of Commerce and the United States Trade Representative to begin the process of imposing a 100% tariffs "on any and all Movies coming into our Country that are produced in Foreign Lands."
It wasn't immediately clear how the tariffs would be applied.
Mr. Trump said the incentives that other countries are offering filmmakers and studios...