US duties in foreign film productions threaten jobs around the world

The world of cinema was upset by the duties announced by US President Donald Trump for foreign films, which is uncertain to the future of globalized producers. The US president said on Sunday that he would ask his government to “start immediately” the process to impose 100% duties on all films being introduced in the country and produced abroad. As is often the case with such heavy announcements, the details remain unknown. This, however, did not prevent the cinema industry, around the world, from reacting strongly to the dilemma it faces: not being able to score a film to the American public because of costs, or to produce it entirely in the US. “It seems potentially devastating to the international film industry,” said one British producer on the specialized Screen Daily website, demanding not to be named. “There are many unknown factors in our field, however, as long as we do not know more, there is no doubt that (the […]
Source: News Beast

You may also like