Hollywood films may soon be banned in China in the wake of Donald Trumps' globe-spanning tariffs. According to two influential Chinese bloggers, China is considering a slate of retaliatory measures against the U.S., one of which includes "reducing or banning the import of U.S. films."
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00:00Chicken jockey!
00:02Hollywood films may soon be banned in China in the wake of Donald Trump's globe-spanning tariffs.
00:07Right now, the U.S. tariffs on China is currently at 54 percent.
00:13However, the president vowed to raise them to 104 percent if Beijing didn't back down from a pledge to match the current U.S. tariff rate.
00:20According to two influential Chinese bloggers, China is considering a slate of retaliatory measures against the U.S.,
00:27one of which includes reducing or banning the import of U.S. films.
00:31This could potentially devastate Hollywood's access to the world's second-largest box office.
00:36According to Bloomberg, the potential plans were shared on social media,
00:39with both figures attributing the outline proposals to unnamed sources familiar with authorities' planning.
00:45The U.S. studios' earnings in China have declined drastically in recent years,
00:49as locals have shifted away from Hollywood films toward the country's homegrown Chinese-language blockbusters.
00:54But losing all access to the Chinese market could still ding the studio's bottom lines.
00:59Recently, a Minecraft movie opened in China in first place last weekend with ticket sales of $14.5 million,
01:05just over 10 percent of its 144 international earnings call.
01:10In 2024, the biggest U.S. release in the country was Godzilla X Kong The New Empire,
01:15with a $132 million China box office total.
01:18For more updates on the story, head over to thehollywoodreporter.com.
01:22This is The Hollywood Reporter News.