US investigates film industry before imposing tariffs

The US has begun investigating the global film industry before imposing 100% tariffs to protect domestic industry and promote jobs in the US.

US Trade Representative (USTR) Jamieson Greer has confirmed that the USTR will launch investigations into the global film industry before imposing the tariffs that President Donald Trump has threatened.

Previously, on September 29, President Trump pledged to impose a tax of up to 100% on films produced outside the US, arguing that the film industry had been "stolen" by other countries.

According to Mr. Greer, these tariffs will not take effect immediately but will be subject to government investigations, possibly using Section 232 related to national security or Section 301 to assess unfair trade practices. He emphasized that President Trump is very eager to implement this measure.

Countries criticized by the USTR for having "unfair" policies include Canada, Australia, the United Kingdom and several countries in the European Union (EU). These practices include imposing quotas that limit the number of American films that can be shown or charging fees/taxes to American studios that want to shoot or show films there.

The USTR argues that this is essentially a financial transfer from competing US media companies to less competitive ones overseas. The film tariffs are part of a broader trade strategy by the Trump administration, along with new tariffs expected soon on trucks, furniture and pharmaceuticals.

Mr. Greer reaffirmed the core philosophy: trade policy is a domestic policy, aimed at adding jobs and strengthening manufacturing in the United States. He firmly believes that tariffs will be an indispensable part of the upcoming policies of the Trump administration./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/my-dieu-tra-nganh-cong-nghiep-dien-anh-truoc-khi-ap-thue-post1067794.vnp