Sources: 
Donald Trump recently asserted on Truth Social that the American movie industry is "dying a very fast death" amid the introduction of new film tariffs.
Hollywood has experienced a significant decline in on-location filming, dropping by approximately
34% over the last five years, according to Film LA, a respected film industry publication.
This downturn has led to widespread job losses among film workers. However, experts note that the decline is not solely due to the new tariffs or incentives encouraging productions to move abroad. The COVID-19 pandemic, a global economic downturn, and a prolonged industry slowdown in 2023 have all contributed to Hollywood's challenges.
Stephen Luby, a film lecturer at the Victorian College of the Arts in Australia, explains that as budgets tighten, many films now rely on co-productions that leverage foreign incentives to remain financially viable.
"The movie industry in America is dying a very fast death," Trump stated, highlighting his concern over the industry's trajectory.
The combination of economic pressures, pandemic-related disruptions, and shifting production incentives abroad paints a complex picture of an industry struggling to adapt to new realities.
This multifaceted crisis underscores the challenges facing Hollywood as it navigates tariffs, global competition, and evolving production landscapes.
Sources: Donald Trump claimed on Truth Social that the American movie industry is "dying a very fast death" amid new film tariffs. Hollywood on-location filming has dropped 34% in five years, impacted by the pandemic, economic downturn, and foreign incentives, according to Film LA and experts.
