Connect with us

Hi, what are you looking for?

Latest News

Trump announces 100% tariff on all foreign-produced movies: ‘WE WANT MOVIES MADE IN AMERICA, AGAIN!’

President Donald Trump decried the state of the motion picture industry in a social media post on Sunday while announcing plans to implement a Hollywood-related tariff.

In a Truth Social post on Sunday, Trump wrote that 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,’ Trump claimed. ‘Hollywood, and many other areas within the U.S.A., are being devastated.’

The president said that the situation was a ‘concerted effort by other Nations and, therefore, a National Security threat.’

‘It is, in addition to everything else, messaging and propaganda!’ Trump wrote.

The Republican said that his plans to institute a tariff are in the works, and he authorized the Department of Commerce and the United States Trade Representative ‘to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands.’

‘WE WANT MOVIES MADE IN AMERICA, AGAIN!’ Trump concluded.

The comments come after several of Trump’s tariff plans have been paused in recent months due to market turmoil and backlash. On Sunday, Trump said that he would not drop tariffs on China to get Beijing to come to the negotiating table.

‘At some point, I’m going to lower them, because otherwise you could never do business with them,’ Trump told NBC’s Kristen Welker. ‘And they want to do business very much like their economy is really doing badly. Their economy is collapsing.’

Fox News Digital’s Danielle Wallace contributed to this report.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...

    Editor's Pick

    For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

    Editor's Pick

    Sales of new single-family homes rose again in November, increasing 5.8 percent to 640,000 at a seasonally-adjusted annual rate from a 605,000 pace in...

    Editor's Pick

    New orders for durable goods fell 2.1 percent in November, following a 0.7 percent gain in October. Total durable-goods orders are up 10.6 percent...