Donald Trump claims American movie industry is dying fast amid new film tariffs

Donald Trump's recent film tariffs highlight growing concerns as Hollywood faces a 34% decline in on-location filming over five years, worsened by the COVID-19 pandemic and 2023 strikes. This report explores the industry's job losses, budget challenges, and the increasing reliance on foreign co-productions.

Sources:
Yahoo News UK
Updated 1h ago
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Sources: Yahoo News UK
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: Yahoo News UK
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.
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The movie industry in America is dying a very fast death.
Donald Trump
Yahoo News UK
Key Facts
  • On-location filming in Hollywood has declined by around 34% in the last five years, according to Film LA.Yahoo News UK
  • Hollywood's slowdown is attributed to the COVID-19 pandemic, a global economic downturn, and a months-long strike in 2023.Yahoo News UK
  • Many film workers have lost jobs due to the industry's decline, with tighter budgets pushing productions to seek foreign co-productions.Yahoo News UK
  • As budgets tighten, films increasingly rely on co-productions that take advantage of incentives in foreign regions, according to Stephen Luby, a film lecturer.Yahoo News UK
  • Donald Trump announced new film tariffs on Truth Social, linking them to the claim that the American movie industry is dying fast.Yahoo News UK
Key Stats at a Glance
Decline in on-location filming in Hollywood over last five years
34%
Yahoo News UK
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