President Trump’s proposed 100% tariff on films produced outside the US has raised alarms in the entertainment industry. Experts warn it could lead to fewer films being made, hurt American cinema, and spark retaliatory tariffs from other countries. The US film industry generated $230 billion in 2023 and supported over 2.3 million jobs, but these tariffs could harm that success. The potential financial impact could also be severe for companies like Netflix, which might face a 20% drop in earnings and a $3 billion increase in costs.
Source: CGTN
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