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Moron: those Trump 100% 'foreign production' film tariffs [1]
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Date: 2025-05-06
Trump threatens tariffs on foreign films: Who could be hit?
What counts as a foreign film?
That’s one of the many questions that have arisen from Trump’s threat.
As with most things, films in a globalised world rarely rely on resources from just one country: Hollywood movies, for instance, might have an American financial backer but could be shot in other countries, with actors and crew from different parts of the world.
For instance, one of 2024’s top-grossing Hollywood films, Wicked, was filmed in Sky Studios Elstree in Borehamwood, Hertfordshire, in the United Kingdom.
Parts of Greta Gerwig’s Barbie, released in 2023, were filmed in Warner Brothers’ studios in Leavesden, Hertfordshire in the UK. Barbie’s California-esque Dreamhouse was actually built in a UK studio. During filming, Barbie’s production generated more than 80 million pounds ($106m) for the UK economy, creating jobs and supporting local businesses.
US media stocks fell on Monday in the aftermath of Trump’s announcement. The shares for streaming giant Netflix fell by 2.5 percent in early trading, while Disney, Warner Brothers and Comcast also declined between 0.7 and 1.7 percent.
“There is too much uncertainty, and this latest move raises more questions than answers,” PP Foresight analyst Paolo Pescatore told the Reuters news agency. “It doesn’t feel like something that will happen in the short term as everyone will be grappling to understand the whole process. Inevitably costs will be passed on to consumers.”
In recent years, Hollywood has faced several setbacks, among them the COVID-19 pandemic.
Last year, Hollywood studios grossed about $30bn globally, down by about 7 percent from 2023, according to Gower Street Analytics. Despite last year’s performance being better in terms of revenue than 2020, 2021 and 2022, it was still about 20 percent below the pre-pandemic average.
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