Connect with us

Hi, what are you looking for?

Big Wealth DailyBig Wealth Daily

World 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

You May Also Like

Investing

The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce. The precious metal has gained significant momentum since...

Investing

Tech stocks led a week-long decline as US President Donald Trump’s global retaliatory tariffs were announced on Wednesday (April 2). The announcement led to...

World News

President Donald Trump declared ‘HAPPY EASTER!’ in a Truth Social post on Palm Sunday, which falls a week before Easter Sunday. ‘This Holy Week,...

Business

Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s...