Trump says US to impose 100% tariff on foreign films

President Donald Trump said on Monday he would impose a 100% tariff on all films produced overseas that are then sent into the US, repeating a threat made in May that would upend Hollywood's global business model.

- AKASH SRIRAM HARSHITA MARY VARGHESE

An installation of the Hollywood sign for tourists to pose with is fenced off on the day US President Donald Trump ordered a 100% tariff on foreign-made films, in Los Angeles on Monday.

(REUTERS)

The step signals Trump's willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend heavily on cross-border co-productions and international box-office revenue.

“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing candy from a baby,’ Trump said ina post on his Truth Social.

However, it was not immediately clear what legal authority Trump would use to impose a 100% tariff on foreign-made films.