Trump announces '100 per cent tariffs on films made outside the US'
"California, with its weak and incompetent governor, has been especially hard hit!" wrote the US President on Truth Social
Consistently with what was announced in May, US president Donald Trump confirmed the introduction of 100 per cent tariffs on films made outside the US, to solve - according to him - 'the long-standing problem' of the film industry 'being taken away from the US by other countries, just like you steal candy from a baby'. "California, with its weak and incompetent governor, has been particularly hard hit! - wrote the US president on Truth Social - Therefore, in order to solve this long-standing and never-ending problem, I will impose a 100 per cent tariff on all films made outside the United States".
Gros: "It's not phase 2, Trump feels the need to make a show every day"
."In general, trade policy is a 'fire and forget': you put in tariffs and then wait for the results. But Trump feels the need to put on a show every day (and expects instant results)'. Thus the German Bocconi economist, Daniel Gros, commenting on US President Donald Trump's announcement of 'substantial tariffs' for all countries that do not produce furniture within the United States and of 100% on films not made in American studios. 'That's why,' Gros emphasised, 'something new is always being invented (and will continue to be so)'. Responding to a question whether we are facing a phase 2 of the US president's Dazi escalation, Gros replied: "It's not a phase 2, it's 'Trump normal'".
