In a move that has left many scratching their heads 🤔, US President Donald Trump announced on Sunday that he is authorizing a bold 100% tariff on movies produced in Foreign Lands. In his tweet, he declared, "The Movie Industry in America is DYING a very fast death," instantly sparking controversy.
Industry experts and leading media outlets warned that this drastic policy could skyrocket production costs and undermine the global edge of American studios. CBS News correspondent Carter Evans even labeled the situation a "five-alarm fire," highlighting how low-budget and independent filmmakers might face creative setbacks if forced to adjust their shooting plans and stretch their budgets even further.
Major entertainment executives, including those from streaming giants like Netflix, have shown strong dismay, with shares dipping as investors react to the uncertainty. CNN Business described industry insiders as being downright apoplectic over the decision, fearing that such unpredictable measures could alter the very plot of Hollywood’s future productions.
As the debate heats up, the film world is left to question how this policy will shape the creative and financial future of an industry that thrives on global collaboration. Stay tuned for more updates as the drama unfolds! 🎬
Reference(s):
'It makes no sense:' Industry experts blast Trump's film tariff plan
cgtn.com
