Proposed 100% Tariff on Foreign Films by President Trump

SOURCE www.breitbart.com
President Trump proposed a 100% tariff on foreign films to prevent the flight of movie production from the U.S., but many in Hollywood and the global film industry are not in favor of this idea.

Key Points

  • Film industry has been shifting away from Hollywood and the U.S. for years
  • California's attempts to offer tax incentives to filmmakers have not been successful
  • Trump's proposed tariff is seen as a way to protect the American film industry

Pros

  • Incentivizes film production to stay in the U.S.
  • Could potentially boost the American film industry

Cons

  • May lead to backlash from Hollywood and global film industry
  • Could result in unintended consequences such as increased use of A.I. in filmmaking