Shares of major US streaming platforms and film studios fell significantly after President Trump's announcement to impose 100% tariffs on foreign-produced films. This decision raised concerns about how these tariffs will be structured and enforced, particularly as a large portion of US entertainment is produced overseas to capitalize on cost efficiencies. Analysts worry that increased production costs could lead studios to create less content. The ripple effects from these tariffs extend beyond streaming platforms to cinema operators as well, reflecting potential instability in the industry.
Film locations such as the UK, Canada, and Australia - favoured for their incentives - now face being penalised under Trump's proposed tariff plan.
A significant portion of US-produced entertainment is filmed abroad to take advantage of tax breaks, lower labor costs, and specialized post-production hubs.
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