Trump, at a night publication on the social media platform, said on Sunday (4) that he ordered the US Trade and Trade Representative (USTR) to impose a 100 % movie rate It was produced outside the United States and was imported to the country.
“The American cinema industry is dying very quickly. Other countries offer all types of incentives to attract filmmakers and our studios away from the United States,” Trump wrote in his post. “Therefore, I allow the US Department of Trade and commercial representative to start immediately in the process of creating a 100 % tariff on all films produced in foreign lands that reach our country. We want to make films in America again!”
It is not clear how such a rate will be imposed. Films are intellectual property, not goods, so they represent a kind of service that is not currently subject to definitions.
However, USTR notes that some services may be subject to some non -sharp commercial barriers, such as regulations and tax incentives. This can undermine American films production.
Several foreign cities have provided major tax exemptions for film and television studios to record films and series outside Hollywood. This has led a large number of products to transport its operations to sites like Toronto and Dublin.
In response, California Governor Gavin New Nooring suggested obtaining huge tax credit to reproduce to Hollywood.
“Hollywood and many other American regions are destroyed,” Trump wrote. “This is a common effort from other countries, and thus represents a threat to national security. It is, along with everything, messages and advertising!”
Although Hollywood is far from destruction, movie tickets have decreased in the United States, as the number of large films has decreased since the epidemic – and consumers have changed their habits to watch movies on broadcasting platforms to watch at home.
The American box office was slight Corona virus disease.
Although theaters are recovered, the number of versions is about half of what it was in 2019, and the total local box office has not exceeded $ 9 billion since then.
Broadcasting networks are largely owned by Major Hollywood Studios, but – except Netflix – took years to make a profit. Disney+ just recorded its first profit, as well as Max, which shares the property with CNN.
Many other broadcasting services have not yet profit.
However, imposing definitions or other commercial barriers on the products that were conducted abroad may not facilitate the work of Hollywood studios.
Several American films and programs are filmed at locations outside the United States. In addition to tax incentives, many foreign employees need less salaries, making the production of some of the viable films economically.
Trump hardly criticized the non -sharp commercial barriers imposed by other countries of the United States, but so far it has a limited American revenge for traditional goods on goods.
Trump imposed a 10 % global rate on most of the goods that enter the United States And its implementation – then postponing it – a more fundamental “mutual” tariff around dozens of other countries.
It also imposed a 25 % tariff on steel, aluminum, cars, auto parts and some commodities from Canada and Mexico. And imposing a huge rate of 145 % on imports in Canada.
But none of these rates apply to services. Prices may be on film production – if approved – the first.
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