U.S. President Donald Trump has threatened to impose a 100% tariff on foreign films to protect the declining American film industry, claiming that other countries are luring filmmakers away with incentives. Filming in Los Angeles dropped by 22.4% recently, impacting local economies. However, experts question the practicality of such a tariff, especially for films with significant U.S. production, and point out that while America has some tax credits, it lacks a national program like those available in Canada.
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Trump to double steel and aluminum tariffs on Canada: White House press secretary
U.S. President Donald Trump is set to sign an order on May 6, 2025, to double tariffs on steel and aluminum imports from Canada, raising them from 25% to 50%. This move, aimed at bolstering U.S. industries and protecting jobs, has prompted Canadian officials, including Trade Minister Dominic LeBlanc and Finance Minister François-Philippe Champagne, to explore new markets and increase domestic steel usage. The Canadian steel and aluminum sector, heavily reliant on U.S. exports, faces...
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