President Trump Considers Tariffs for Foreign Films to Revive Hollywood and U.S. Production

SOURCE www.foxnews.com
Actor Kirk Cameron discusses President Trump considering tariffs for films made outside America to boost Hollywood and U.S. production. California Democrats offer to collaborate on federal tax incentives. Trump aims to protect national and economic security by bringing movie-making back to the U.S.

Key Points

  • California Democrats and Trump administration consider federal tax incentives to bring back movie-making from overseas
  • Trump authorizes Department of Commerce to begin the process of instituting a 100% Tariff on foreign movies
  • Proposal includes federal tax incentives, changes to tax codes, and infrastructure subsidies for the film industry

Pros

  • Potential boost to Hollywood and U.S. production
  • Collaboration between California Democrats and Republican administration

Cons

  • Potential unintended and damaging impacts of blanket tariffs on all films
  • Concerns over the impact on foreign movie-making