Trump Proposes 100% Tariff on Foreign-Made Films, Expands Furniture Duties
Former President Donald TRUMP announced a sweeping 100% tariff on all foreign-produced films via Truth Social posts, framing it as a measure to reclaim Hollywood's dominance. "Our movie-making business has been stolen from the United States," he declared, comparing the loss to "stealing candy from a baby." The proposal lacks implementation details and mirrors an identical threat made in May that yielded no action.
Separately, Trump signaled an escalation in furniture tariffs, suggesting duties beyond last week's pledge of 50% on kitchen/bathroom furnishings and 30% on upholstered goods. The ad-hoc tariff regime continues to inject uncertainty into global trade flows, though the announcement contained no direct implications for cryptocurrency markets.
