Trump extends trade war on foreign movies, orders 100% tariff
Image Credit: dailypost- US President Donald Trump has ordered a 100% tariff on foreign-made movies imported into the United States.
- The order aims to protect the American movie industry, which Trump claims is rapidly declining due to incentives offered by other countries to filmmakers.
- The US box office revenue fell sharply during the COVID-19 pandemic and, despite recovery, has not yet reached pre-pandemic levels.
- Trump’s directive instructs the Commerce Department and the US Trade Representative to begin implementing the tariff immediately.
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