Trump plans movie tariffs

FILE PHOTO: The iconic Hollywood sign is shown behind a person sitting in the shade along Hollywood Blvd as the city prepares to host the 97th Academy Awards in Los Angeles, California, U.S., February 25, 2025. REUTERS/MIKE BLAKE/File Photo

WASHINGTON: President Donald Trump has announced that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time.

In a post on Truth Social, the American leader said he was directing the Commerce Department and his trade representative to “immediately begin the process of instituting” the levy on foreign movies.