US President Donald Trump reiterated the shorts that the United States will impose 100% duties on cinemas producing outside the country – an unprecedented move that threatens to overthrow Hollywood’s global business model.
Trump’s move marks the US president’s intention to extend protectionism policies to the culture industry, raising concerns about the viability of cinematic studios that are largely dependent on the international Box Office revenue and cross -border co -productions.
Trump announced the imposition of sanctions through a post on the Truth Social Social Network platform, claiming that the American film industry was losing ground from international competition.
“Our cinematic activity has been stolen by the United States of America, from other countries, just as one steals sweet from a baby,” Trump wrote.
The US president’s post, however, does not make it clear what legal power will rely on Trump to impose 100% duties on films produced abroad.
The White House did not respond immediately to Reuters’ request to comment on how the duties could be imposed.
Reuters also requested a comment on Trump’s post by Warner Bros Discovery, Comcast, Paramount Skydance and Netflix, but also did not respond immediately to the agency’s request.
Donald Trump had initially expressed his intention in May, but had then made very few details, raising concern for film industry executives about whether duties would be imposed on productions by certain countries or all imported producers.
Cinema studio executives had stated in May that there was “confusion” on how they could impose duties on films, as many countries are very often involved in the production, funding, post-production and visual effects of a film.
The Trump statement, of course, has caused skepticism between legal and analysts. Some argue that films are a form of intellectual property and part of the global service trade, a sector where the US often exhibits surplus, raising questions about the legal basis on which they will be enforced.
Foreign studios co -productions have also become more frequent, which raises doubts about how films will now be classified.
Source: Skai
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