U.S. entertainment industry executives: The U.S. imposing a "movie tariff" will bring a "devastating blow" to the film and television industry

"The American film industry is rapidly declining!" Trump stated on social media on the 4th that other countries are attracting American filmmakers and studios to leave the U.S. through various incentives. Trump said that Hollywood has thus "suffered a heavy blow," which poses a "national security threat" to the United States. He will authorize the U.S. Department of Commerce and the U.S. Trade Representative to immediately initiate procedures to impose a 100% tariff on all films produced abroad that enter the U.S., hoping to "have American-made films again." William Reinsch, a senior fellow at the Center for Strategic and International Studies and a former official at the U.S. Department of Commerce, believes that imposing tariffs on foreign-produced films "brings far more disadvantages than benefits," and the argument that foreign-produced films pose a "national security threat" is hard to convince. An executive from the American entertainment industry believes that Trump's move will impact not only films but will also deal a devastating blow to the television industry