US president claims that Hollywood is undergoing a ‘very fast death’ despite raking in $30bn in revenues in 2024.
President Donald Trump has proposed a 100 percent tariff on foreign films, asserting that Hollywood is experiencing a “very fast death” due to international competition. He claims this poses a national security threat and has instructed the US Department of Commerce and Trade Representative to implement the tariff on all foreign-produced films. Despite Hollywood’s revenue of approximately $30 billion in 2023, a decline from pre-pandemic levels, Trump views the situation as a crisis requiring urgent action.
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