President Trump promised Monday that he will impose a 100% tariff on all films made overseas — taking aim at countries that offer tax incentives to Hollywood productions.
“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby,’” Trump wrote on Truth Social.
“California, with its weak and incompetent Governor [Democrat Gavin Newsom], has been particularly hard hit! Therefore, in order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States,” he added.
The announcement comes almost six months after Trump initially threatened to impose tariffs on foreign-produced films.
Hollywood has increasingly relied on production hubs in Canada, the UK, Australia and elsewhere to shoot blockbusters and streaming dramas, all while getting a break on local levies.
The industry has also been relying on co-productions with foreign studios based in Asia and Europe, with local partners providing financing, market access and distribution networks.
Should the president follow through on the order, it would mark the first time he’s imposed duties on a service rather than a physical good.
It remains unclear what legal authority Trump would use to impse the tariff, and there was no indication of when the duties would take effect.
The White House did not immediately respond to The Post’s request for comment.
“For now, as things stand, costs are likely to increase, and this will inevitably be passed on to consumers,” entertainment industry analyst Paolo Pescatore told Reuters.
Executives also claimed that a broad tariff could impact thousands of US workers working on shoots abroad and crews who coordinate across multiple countries.
In May, however, Teamsters General President Sean M. O’Brien and Teamsters Motion Picture Division Director Lindsay Dougherty praised Trump for the proposed tariffs as a way to combat Hollywood outsourcing and reinvigorate filmmaking in America.
Top US studios like Warner Bros Discovery, Paramount Skydance and Netflix have yet to make a statement on the proposed tariffs.
Both Warner Bros and Netflix saw their stock tumble on Monday morning following Trump’s announcement.
Follow The Post’s live coverage of President Trump and national politics for the latest news and analysis
Along with the duties on foreign films, Trump also said he plans to impose “substantial” tariffs on all furniture imported into the US.
“In order to make North Carolina, which has completely lost its furniture business to China, and other Countries, GREAT again, I will be imposing substantial Tariffs on any Country that does not make its furniture in the United States. Details to follow!!!,” he wrote on Truth Social.
The administration is also set to impose a 100% tariff on branded drugs, with some exceptions, as well as a 25% rate on heavy trucks.
The US also plans to impose a 50% duty on kitchen cabinets and vanities, as well as a 30% tariff on upholstered furniture.
With Post wires
