Hollywood’s efforts to bring film production back to U.S. soil took a turn after Trump proposed 100% tariffs on imported movies, according to The Wall Street Journal. Actor Jon Voight met with Trump at Mar-a-Lago over the weekend to advocate for federal tax incentives and infrastructure support measures Hollywood insiders widely prefer over tariffs. Theatrical stage workers' union IATSE urged the administration to consider a nationwide tax incentive program as job losses mount. Production spending in the U.S. has dropped as other countries offer better tax breaks and lower labor costs. Trump said he plans to consult the industry and emphasized job creation, though no timeline or tariff details were provided. Shares of Disney, Netflix, and major theater chains fell Monday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Hollywood's efforts to bring film production back to U.S. soil took a turn after Trump proposed
00:06100% tariffs on important movies, according to The Wall Street Journal.
00:10Hector John Voight met with Trump at Mar-a-Lago over the weekend to advocate for federal tax
00:14incentives and infrastructure support measures Hollywood insiders widely refer over tariffs.
00:20The ethical stage workers union, IATSE, urged the administration to consider a nationwide
00:25tax incentive program as John lost his mouth.
00:28Production spending in the U.S. has dropped as other countries offer better tax breaks
00:32and lower labor costs.
00:34Trump said he plans to consult the industry and emphasize job creation, though no timeline
00:38or tariff deals were provided.
00:40Shares of Disney, Netflix and major theater chains fell on Monday.
00:43For all things money, visit Benzinga.com slash GSTV.