Trump vows to meet Hollywood on tariff plan that shook industry
WASHINGTON - President Donald Trump said he would meet with Hollywood executives after confounding the US film industry over his plan to impose a 100% tariff on movies made overseas. “So we’re going to meet with the industry,” Trump said Monday afternoon. “I want to make sure they’re happy with it, because we’re all about jobs.” Film and entertainment figures on Monday struggled to interpret Trump’s directive, posted to his social media account on Sunday evening, which said the American movie industry is “DYING” and cast foreign films as a national security threat that spread propaganda to US audiences. Shares of Netflix Inc., Paramount Global, Warner Bros. Discovery Inc. and other media and entertainment companies slid as Wall Street and Hollywood tried to discern what aspect of filmmaking would qualify for such tariffs and why it should be targeted like other industries. The US film and television industry produced $22.6 billion in exports and ran a $15.3 billion trade surplus, according to a 2023 Motion Picture…
5 May 00:00 · Inlandnewstoday