“Make America Great Again” (MAGA) supremo Donald Trump scripted a new move & announced 100% tariff on foreign movies (“any and all movies that are made outside of the United States),” a move that comes soon after Trump announced 100% tariff on imported pharmaceutical drugs. This move by Donald Trump is likely to impact the global entertainment industry, including global streaming services like Netflix and India’s “Bollywood.”
Trump Announces 100% Tariff on Foreign Movies to Safeguard American Movie Making Business
In his trademark social media platform, where Donald Trump shares nothing less than “Truth”, the US President claimed that “our movie making business has been stolen from the United States of America, by other countries, just like stealing “candy from a baby” and “in “he will be imposing a 100% tax on movies made outside the US. While writing the script of his own self-styled “Make America Great Again” (MAGA), Trump on Truth social shared that Our movie-making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby’. To solve this long-time, never-ending problem, I will be imposing a 100 per cent Tariff on any and all movies that are made outside of the United States,” the US President further added.
Notably, the announcement follows Trump’s earlier declaration on September 26 that his administration will impose a 100 per cent tariff on branded and patented pharmaceutical products beginning October 1, 2025, unless the manufacturing companies establish production facilities in the United States. However, what Tump thinks will make America great may in actual impact voters as In 2024, America imported nearly $233 billion worth of pharmaceutical and medicinal products, 100% tariffs like the previous imposition of tariff on Indian products impacts Americans. In context of tariffs on foreign films, it was not immediately clear what legal authority Trump would use to impose a 100% tariff on foreign-made films. In respond to this shares of Netflix were reportedly down 1.5% in early trading.
In a trademark social media post, Trump claimed “our movie making business has been stolen from the United States of America, by other countries, just like stealing “candy from a baby” and “in “he will be imposing a 100% tax on movies made outside the US.