“The American film industry dies very quickly (…) Hollywood and many other areas in the US are destroyed,” Mr Trump said
The US president Donald Trump announced yesterday that “Customs is initially beginning a process of imposing dictatorial 100%’in cinemas distributed in American halls and produced abroad.
‘The American film industry dies very quickly (…) the Hollywood And many other areas in the US are being destroyed, ”Mr Trump said via Truth Social.
“Other countries offer all kinds of incentives to attract our filmmakers and production companies away from the US,” he said. According to him, this is a “coordinated effort on the part of other countries” which is a “threat” to American “national security”.
After returning to the White House, the Republican has ordered many research on the “consequences on national security” of imports of all sorts, from semiconductors to rare land.
Every research of this nature is the first step required for the US president to be able to proceed with the signing of executive decrees that impose duties on imported products on the grounds that their quantity enters the country threatens corresponding US areas of activity and therefore “national security”.
However, he did not give any details of the terms and conditions for the imposition of additional customs duties on films produced outside the US.
In any case, the move is a new escalation of the trade war that the US president has launched against all the partners in his country.
China, which is particularly targeted by President Trump’s arrows in this field, has announced in early April that it would reduce, “measured”, the number of American films distributed in theaters in its territory, as part of its reaction to the imposition of US tariffs.
Beijing is already restricting, using a quota system, the number of foreign films distributed in theaters in Chinese territory. A further reduction in access to China’s particular market – the second worldwide, behind the US only, in terms of turnover – will hit Hollywood revenue.
Source :Skai
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