Trump, tariffs and furniture
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President Trump said Monday he is slapping a 100% tariff on films made outside of the U.S., re-upping the threat he made earlier this year against the movie industry. “Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby,’” Trump said on social media.
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Trump announces 100% tariff on movies made outside US
On social media, Trump stated that movies made outside the United States will face a 100% tariff.
President Donald Trump has renewed his threat of implementing tariffs on films produced outside the United States.
President Donald Trump said Monday he will impose a 100% tariff on “any and all movies that are made outside of the United States” in a post on Truth Social, repeating a threat he made earlier this year in an effort to boost the Hollywood filmmaking industry he claims was “stolen” by other countries.
President Donald Trump’s latest onslaught of sector-based tariffs includes a surprise reprieve for the pharmaceutical industry.
Import duties are posing a challenge to some smaller companies, which fear that raising prices to cover higher costs will drive away customers.
President Donald Trump announced 100% tariffs on brand drugs. Companies that build a U.S. manufacturing plant will be exempt.
Donald Trump’s tariffs have triggered an explosion in cargo theft across the US as organised gangs target truck drivers.
The president’s tariffs on foreign drugs and furniture rely on national security laws outside the scope of current lawsuits.