New Delhi: Ever since the Donald Trump administration began in the United States, there has been turmoil worldwide. The cause of this upheaval is believed to be Donald Trump’s tariff policy. Donald Trump has created problems for US imports from abroad by imposing tariffs on numerous goods. Once again, Donald Trump has dealt a major blow to the film industry.
He has announced tariffs on foreign-produced films. He has surprised everyone by announcing a 100% tariff on films. His decision is also likely to impact films produced in India. This information was shared in a post on Truth Social on Monday, which is being considered a major blow.
Donald Trump shared this information through a post
US President Donald Trump shared this information through a post. He stated in the post that the US film industry has been robbed by other countries, just like a child’s candy is taken away. He added that California has been most affected by this problem due to its weak and incompetent governor.
Therefore, to resolve this long-standing, unresolved issue, I will impose a 100% tariff on all foreign-made films. In another post, Donald Trump stated that North Carolina, which has completely lost its furniture industry by ceding it to China and other countries,
To make it great again, I will impose tariffs on all countries that do not produce furniture in the United States. Donald Trump stated that more details will be shared later.
How far has American business reached?
For your information, in the past few years, the Indian film business in the United States has reached approximately $20 million. If a 100% tariff is imposed on Indian films, it will impact the film industry. Before the COVID-19 pandemic, the Indian film market in the United States was only $8 million. However, after the pandemic ended, it has rapidly increased to nearly $20 million.