President Donald Trump announced on Sept. 29 that he will impose a 100 percent tariff on all movies produced outside the United States.
In a Truth Social post, Trump said that foreign markets are stealing America’s movie-making industry, requiring a hefty levy to reverse the trend.
“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby,'” the president wrote on the social media platform.
Trump said the California market has been hit the hardest.
“Therefore, 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,” the president stated....