President Trump has announced 100% tariffs on all movies made overseas, surprising Hollywood studios. The move aims to boost domestic film production but raises concerns about increased costs and industry backlash.
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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.
California businesses face uncertainty as former President Trump’s erratic tariff policies disrupt supply chains and increase costs. Companies struggle to adapt amid shifting trade rules and market volatility.
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.