President Donald Trump announced on Sept. 29 that he will impose a 100 percent tariff on all movies produced outside the United States.
In a Truth Social post, Trump said foreign markets are stealing the movie-making industry and that a hefty levy is required to reverse the trend.
“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby,’” the president wrote on the social media platform.
Trump said the California market has been hit the hardest.
“Therefore, in order to solve this long time, never ending problem, I will be imposing a 100 [percent] Tariff on any and all movies that are made outside of the United States,” the president said….
US to Impose 100 Percent Tariffs on Foreign-Made Movies, Trump Says
