Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Green Chef Meal Kit Review (2025): Excellent Gluten-Free Fare

    May 11, 2025

    10 Time Management Tips and Skills for Students

    May 11, 2025

    This EKG monitor delivers a detailed view of your heart

    May 11, 2025
    Facebook X (Twitter) Instagram
    AI News First
    Trending
    • Green Chef Meal Kit Review (2025): Excellent Gluten-Free Fare
    • 10 Time Management Tips and Skills for Students
    • This EKG monitor delivers a detailed view of your heart
    • Skullcandy Method 360 ANC Review: Great Sound, Cheap Silence
    • OpenAI’s enterprise adoption appears to be accelerating, at the expense of rivals
    • The Best Cheap TVs (2025): TCL, Hisense, and More
    • Apple is developing custom chips for smart glasses and more
    • Insta360 X5 Review: The Best 360 Camera You Can Buy
    • Home
    • AI News
    • AI Apps

      10 Time Management Tips and Skills for Students

      May 11, 2025

      65 Spring Boot Interview Questions and Answers (2025)

      May 10, 2025

      Impact of Social Media: Advantages and Disadvantages

      May 9, 2025

      Regression Analysis | Types, Statistics and Uses with Example

      May 8, 2025

      What Is an IT Project Manager? And How to Become One

      May 7, 2025
    • Tech News
    • AI Smart Tech
    AI News First
    Home » Trump’s Tariffs Won’t Make Hollywood Great Again, but There’s a Plan That Can
    Tech News 0

    Trump’s Tariffs Won’t Make Hollywood Great Again, but There’s a Plan That Can

    0May 7, 2025
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The tariff idea, it seems, at least partially came from actor Jon Voight, one of three Hollywood “ambassadors”—along with Sylvester Stallone and Mel Gibson—chosen by Trump to advise him. Voight reportedly met with the president recently at Mar-a-Lago along with his manager to share plans to increase US film production. Their plan included tax incentives, coproduction treaties with other countries, “tariffs in certain limited circumstances,” and other strategies, according to The New York Times.

    Following Trump’s tariff post, Duncan Crabtree-Ireland, the national executive director of the Screen Actors Guild—American Federation of Television and Radio Artists (SAG-AFTRA), signaled he was open to the plan but wanted to know more specifics. Matthew Loeb, the president of the International Alliance of Theatrical Stage Employees, the union that represents scores of crew workers, also asked for more information, adding, “Any eventual trade policy must do no harm to our Canadian members—nor the industry overall.”

    Paul Erickson, a media and entertainment analyst with Omdia, says there are a lot of question marks around “just how disruptive and financially damaging” the tariffs could be to studios or what benefits there could be, if they were to go into effect. “The level of potential benefit to the US domestic film ecosystem is difficult to gauge given the scant details thus far,” Erickson says.

    Following Trump’s announcement Sunday, several Democratic leaders offered tax credits as an alternative. On Monday, California governor Gavin Newsom said in a statement that he wanted to work with the president on a $7.5 billion federal film tax credit. Dozens of states, like Georgia and California, offer such incentives, but no national program exists. Newsom’s plan would be a first. US Senator Adam Schiff of California, long a proponent of federal incentives, also called for credits.

    In a statement released Monday, Schiff said he shared Trump’s goal of bringing more filmmaking back to the US but added that “blanket tariffs on all films would have unintended and potentially damaging impacts.” Tax credits, he added, would be a way the US could reshore jobs.

    On Monday, Trump told reporters he wanted to meet with the studios to talk about the 100 percent tariffs he’d proposed. “I’m not looking to hurt the industry. I want to help the industry,” he said. “But whose industry?” wrote Hollywood Reporter columnist Steven Zeitchik, noting that even Trump’s “ambassadors” Gibson and Stallone make movies abroad. It’s hard to tell how much the administration will want to work with studios, or give them credits, especially given its positions on studios’ DEI efforts and funding the arts. Maybe, though, the tariff plan is just about the art of the deal.

    Update: 5/6/2025, 4:50 PM EDT: This piece has been updated to clarify Adam Schiff’s title.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Green Chef Meal Kit Review (2025): Excellent Gluten-Free Fare

    May 11, 2025

    Skullcandy Method 360 ANC Review: Great Sound, Cheap Silence

    May 11, 2025

    The Best Cheap TVs (2025): TCL, Hisense, and More

    May 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks
    Top Reviews
    Advertisement
    Demo
    Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
    • Home
    • Privacy Policy
    • About Us
    • Contact Us
    • Disclaimer
    © 2025 AI News First

    Type above and press Enter to search. Press Esc to cancel.