President Donald Trump announced on Monday that he will place a 100 percent tariff on movies made outside of the United States. "Our movie making business has been stolen from the United States of America by other countries," the president wrote in a post on Truth Social. "In order to solve this long time, never-ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States."
Monday's announcement did not provide much detail about how Trump's plan would work. However, a plan presented to Trump earlier this year by actor and Special Ambassador to Hollywood Jon Voight to "Make Hollywood Great Again" could offer insight into the president's line of thinking. As Deadline reports, the plan suggested placing a tariff "on that production equal to 120% of the value of the foreign incentive received." For instance, if a production shot overseas received $50 million in government assistance, it would face a $60 million tariff from the United States.
