US President Donald Trump says he will hit movies made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations around the world.
Trump said he was authorising the US Department of Commerce and Trade Representative to start the process to impose the levy because America’s movie industry was dying "a very fast death".
He blamed a "concerted effort" by other countries that offer incentives to attract filmmakers and studios, which he described as a "National Security threat".
The president’s remarks could spell a "knock-out blow" to the industry, one union warned, where filmmakers have for years left Hollywood for destinations like the UK and Canada in search of lower costs.
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