After President Donald Trump said that a tariff on foreign-made movies is in the works, the White House has released a clarifying statement saying, quote, "no final decisions" have been made. Trump posted about the tariff on Truth Social, writing in part, "The Movie Industry in America is DYING a very fast death. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States." He went on to propose a 100% tariff on any films, quote, "that are produced in foreign lands" and ordered the Commerce Department and U.S. Trade Representative to begin exploring options.
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00:00After President Donald Trump said that a tariff on foreign-made movies is in the works,
00:04the White House has released a clarifying statement saying, quote,
00:07no final decisions have been made. Trump posted about the tariff on Sunday night on Truth Social,
00:13writing in part, the movie industry in America is dying of very fast death. Other countries are
00:18offering all sorts of incentives to draw our filmmakers and studios away from the United
00:23States. He went on to propose a 100% tariff on any films, quote, that are produced in foreign lands,
00:28and ordered the Commerce Department and U.S. Trade Representative to begin exploring options.
00:33The news instantly reverberated across Hollywood, with executives, filmmakers,
00:37and other stakeholders wondering what it meant for their businesses.
00:40Then on Monday, a White House spokesperson told The Hollywood Reporter,
00:43although no final decisions on foreign film tariffs have been made,
00:47the administration is exploring all options to deliver on President Trump's directive
00:51to safeguard our country's national and economic security while making Hollywood great again.
00:56The comments suggest that any further clarity on the tariffs, what form they would take,
01:00and how they would be implemented will likely take some time to be revealed.
01:03It also suggests that the White House may be exploring what legal avenues it has to pursue them,
01:07given the complexities and uncertainties on implementing a tariff on what amounts to
01:11a service rather than a physical good. For much more on this story and all the latest updates,
01:16go to THR.com. This is The Hollywood Reporter News.
01:26The Hollywood Reporter News.