Hollywood is feeling the heat as U.S. President Donald Trump stirs up controversy with a proposed tariff on foreign film productions. In a recent post, Trump declared, "WE WANT MOVIES MADE IN AMERICA, AGAIN!" prompting concerns about the global impact of his plan.
The move is intended to protect U.S. interests, but experts warn it could backfire. Key film-exporting regions like Australia, New Zealand, Europe, Canada, and Japan may introduce retaliatory measures that disrupt the balance in international film trade.
Major media companies are already reeling, with shares of Netflix, Warner Bros. Discovery, Paramount Global, and Walt Disney falling as investors react to the uncertainty. 😬
Analysts such as professor Cui Fan and veteran journalist Scott Roxborough caution that extra production costs and countermeasures could spell disaster for an industry already facing challenges. U.S. films currently dominate many global markets, and further tariffs might threaten that stronghold.
For young film buffs and binge-watchers across South and Southeast Asia, this serves as a reminder that global trade policies can directly impact the movies and shows we love. Stay tuned as Hollywood navigates these turbulent times and the world watches the ripple effects on the film industry! 🎬
Reference(s):
Hollywood on edge: Filmmakers call Trump's tariff plan 'disastrous'
cgtn.com
