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The US has also announced a 100% tariff on foreign films. President Donald Trump on Monday announced this on his social media platform Truth Social. He said that the US film industry has been ‘stolen’ by foreign companies. This is something like a child steals chocolate.
Trump especially mentioned California. Hollywood is in Los Angeles in the same state. Trump said that this state has been affected the most due to the weak government of California and the bad governor.
Trump said that he would impose 100% tariffs on all films made outside the US to end this long -standing and never ending problem.
Trump had earlier talked about putting tariffs on foreign films in May. He had said that the American film industry is dying rapidly as other countries are drawing American filmmakers in their countries by making breathtaking offers.
The photo is of Hollywood Hill of Los Angeles.
How the tariff will apply, not clean at the moment
Donald Trump may have made 100 tariffs on films made abroad, but it is not clear how it will apply. Most of the films are shot in many countries of the world. In countries like Britain, Canada, they also offer tax in production of films. Because of this, films are being shot in these countries instead of America.
Film production reduced by 26% in America
The production of films in America is steadily declining. According to a report, film production has declined by 26% by 2023 in the US by 2021. Because of this, the situation in the city of Los Angeles for Hollywood is worse.
According to the film industry organization Motion Picture Association, American films have grossed just $ 22.6 billion worldwide in 2023.
Trump has said many times before that he wants to make Hollywood big, better and stronger than ever. For this, he has also made actors like Mel Gibson, John Wight and Sylvester Stallone a special ambassador.
Hollywood America’s big soft power
Hollywood is not just a place to make films, but it has also been the biggest weapon of America’s soft power. For the last one century, Hollywood films have brought American culture, language, lifestyle and ideology worldwide.
Films like Spiderman, Avengers, Titanic, Godfather, Star Wars, Harry Potter were not just entertainment, but have become part of America’s global identity.
Every year hundreds of films are made in America and their market is not limited to America only. They are released in almost every country of the world. In 2023, American films earned $ 22.6 billion from export alone and gave a trade surplus of $ 15.3 billion.
However, in the last few years, Hollywood has faced several challenges like Kovid-19 epidemic, film unions strikes in 2023, wildfire in Los Angeles, and growing production costs.
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