US President Donald Trump on Monday (Sept 29) said he would impose a 100 per cent tariff on all movies made outside the United States, a move that could have a major impact on Hollywood’s global business, according to Reuters.
“Our movie making business has been stolen from the United States of America, by other countries, just like stealing candy from a baby,” Trump wrote on Truth Social. “
California, with its weak and incompetent Governor, has been particularly hard hit! Therefore, in order to solve this long time, never ending problem, I will be imposing a 100 per cent tariff on any and all movies that are made outside of the United States.”
The announcement signals Trump’s intent to extend protectionist trade policies into cultural industries, raising concerns for studios that rely heavily on foreign markets and co-productions. It is not immediately clear what legal authority Trump would use to enforce the tariffs.
Previous strikes hit US economy
In 2023 and 2024, strikes by the Writers Guild and other labour unions caused significant losses for the US economy, with estimated losses of $5 billion in 2023 alone. Reports indicate that many of the jobs lost during these strikes have yet to be recovered.
Investigation into furniture imports
In August, Trump said his administration had launched an investigation into all furniture imports. “Within the next 50 days, that investigation will be completed, and furniture coming from other countries into the United States will be tariffed at a rate yet to be determined.
This will bring the furniture business back to North Carolina, South Carolina, Michigan and states all across the Union,” he wrote.
Trump’s new furniture tariffs
Moreover on Thursday, Trump announced a fresh round of tariffs targeting specific items such as kitchen cabinets and furniture, set to take effect on 1 October.
“We will be imposing a 50 per cent tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting 1 October 2025. Additionally, we will be charging a 30 per cent tariff on Upholstered Furniture,” he posted on Truth Social.
Jobs in furniture and wood product manufacturing have fallen by half since 2000, Reuters reported. In 2024, the US imported around $25.5 billion worth of furniture, with more than half coming from Vietnam and China. The new import duties are expected to make it harder for companies to keep prices low, Reuters added.