Trump’s tariffs have intensified challenges for Hollywood in China, further restricting American films’ market access. Industry experts warn these trade barriers could accelerate the decline of U.S. cinema’s influence in the region.
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US goods trade deficit hit a record high as tariff-related stockpiling surged, Reuters reports. Businesses ramped up imports ahead of tariff deadlines, driving a sharp rise in trade imbalances last quarter.
Former President Trump has ordered a 100% tariff on foreign-made movies, aiming to protect the “dying” Hollywood industry. The move sparks debate on trade and cultural impacts, Reuters reports.
The U.S. and China have agreed to a 90-day tariff truce, easing tensions in their ongoing trade dispute. This pause aims to foster dialogue and avoid further economic strain between the world’s two largest economies.