Hungarian filmmakers in the shadow of Trump's tariff threat
The damage to the Hungarian film industry could be huge if Donald Trump follows through on his threat to impose tariffs on foreign-made films, but no one knows how this would work practically, so film industry experts are patiently holding their breath.
READ MORE : http://www.euronews.com/2025/05/11/hungarian-filmmakers-in-the-shadow-of-trumps-tariff-threat
Spark your senses, wake your wonder. Euronews Culture seeks to show creativity in action and inspire our audience to explore the world through the five senses. Start your journey through the best of Europe's arts, gastronomy, traditions and high-end craftsmanship.
The damage to the Hungarian film industry could be huge if Donald Trump follows through on his threat to impose tariffs on foreign-made films, but no one knows how this would work practically, so film industry experts are patiently holding their breath.
READ MORE : http://www.euronews.com/2025/05/11/hungarian-filmmakers-in-the-shadow-of-trumps-tariff-threat
Spark your senses, wake your wonder. Euronews Culture seeks to show creativity in action and inspire our audience to explore the world through the five senses. Start your journey through the best of Europe's arts, gastronomy, traditions and high-end craftsmanship.
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NewsTranscript
00:00The US president posted on his social media page on 5th of May that he would impose a
00:05100% tariff on films made outside the US.
00:10The American film industry is dying at a rapid pace.
00:12Other countries are offering all kinds of incentives to lure filmmakers and studios away from the
00:17US.
00:18That's why I'm authorizing the Department of Commerce to immediately begin the process
00:21of imposing a 100% tariff on all foreign produced films coming into our country, Donald Trump
00:27said in his post.
00:33The details are not known at all, but if it does happen, a lot of countries will be very
00:37badly off, including Hungary, where last year film spending was close to a billion dollars.
00:57Or a James Bond film, which is at least 4, 5 countries will be played.
01:01But any of them, I don't know, like a famous, a
01:18It's a legal statement, they will find a solution,
01:23and the current state is rather a false sign,
01:26and we understand that there is such a gift, absolutely.
01:30We also want to see more films in Hungary.
01:48From journalists, Trump stressed that film production and the offshoring of films has
01:53decimated the U.S. film industry and that he wants to help not hurt the industry, which
01:58receives financial and other support abroad.