Technologies

Trump Calls for 100% Tariff on Foreign Movies, With Hollywood Seeking Answers

It’s not just hard goods like cars and smartphones. Tariffs could become a factor in the costs of making and watching movies.

Movies are a new focal point for the Trump administration’s campaign to impose tariffs across a wide range of industries, from tech to textiles and beyond.

In a Sunday night social media post, President Donald Trump said the US movie industry “is DYING a very fast death.” He wrote that he’s authorizing a 100% tariff “on any and all Movies coming into our Country that are produced in Foreign Lands.”

Secretary of Commerce Howard Lutnick quoted the president and responded, “We’re on it.”

Trump’s latest tariff call to action raised a host of questions without much direction on where the answers might lie. What criteria define how a movie is produced overseas? Would the tariffs affect only future releases or would they also apply to films already in the market, like the the wildly successful A Minecraft Movie, which was mostly shot in New Zealand? US film studios often shoot overseas with the help of incentives from countries. The tariffs almost certainly would affect foreign-made films such as the Oscar-winning animated film Flow from Latvia.

From the Los Angeles set of a Toyota commercial, director and Tulsa King actor James Quattrochi told CNET that his phone began to blow up last night on the Trump news. “Everyone’s calling me and I go, ‘I’m not the White House, why are you asking me?'”

As pointed out by The Hollywood Reporter and others, it’s unclear how streaming services such as Netflix and Hulu would be affected, such as the potential impact on subscriber fees and the kinds of content that those services offer. And what about TV shows? Among the top hits on Netflix alone are Squid Game, from South Korea, and The Crown, from the UK.

Trump contended in his social media post that foreign tax incentives for movie production amount to “a concerted effort by other Nations and, therefore, a National Security threat,” which allows him to levy tariffs under the International Economic Emergency Powers Act. That claim would be open to legal challenge.

It’s also unclear if film tariffs would be considered legal in light of Section 1702 of the US Code, which explicitly prohibits a president from regulating imports and exports of films, publications and other media.

Filmmakers weigh in

The entertainment industry is grappling with what the tariff initiative, if implemented, could mean. In one estimate from The Wrap, an expert suggested it could cost Netflix $3 billion a year and cut 20% from its earnings.

Meanwhile, some independent filmmakers and workers noted that their industries have struggled to keep film productions in the US and that tariffs might spur reconsideration of film towns such as Los Angeles, Austin and Atlanta.

Quattrochi, who is in three film-related unions, said it’s been difficult to push for incentives in California and to keep costs down.

“It’s just so expensive. And we’re fighting. … The UK, Ireland, Canada and other countries are really getting a lot of work,” he said. If tariffs against foreign film production do happen, he said, it could be enough to keep work in places like Hollywood. “People are complaining that there’s no work because everything’s leaving the country.”

Talk of a foreign movie tariff, he said, could raise awareness of the film industry’s struggle to keep it local. “Hopefully this open’s everybody’s eyes that the entertainment capital of the world, Los Angeles, is no longer. We need to do something.”

Filmmaker David Wortham Brooks owns a production company that Disney bought in 2019 and sold back to him in 2023. He said he’s still weighing the implications the potential tariffs will have on foreign films and licensing.

Brooks has worked on films in Morocco, Bangladesh and England, but has been based in Los Angeles primarily. As far as keeping shooting in the US, he says he favors Trump’s idea.

“Anything that could bring production back to LA, I’m all for it,” Brooks said. “The proposition of bringing it back to the states, particularly back to Hollywood, is very appealing to me. It has been slow; everything that can be done to mobilize the workforce, it is welcome in my book.”

Technologies

Trump Maintains US‑Iran Negotiations Continue Amid Tehran’s Denials of Duplicity

President Trump insists that US‑Iran talks are ongoing despite Tehran’s denial of any negotiation plans, while warning that only a deal or total surrender will allow passage through the Strait of Hormuz. Conflicting statements from both sides have heightened uncertainty as the conflict enters its sixth month.

On Monday, President Donald Trump asserted that negotiations between the United States and Iran are still taking place, even after Tehran stated it has no intention of engaging in direct talks with Washington.

In a fiery Truth Social post, Trump labeled Iran’s leaders “unbelievably duplicitous,” claiming they are lying about ongoing peace talks “whether Iran wants to admit it or not.” He repeated his assertion that the United States completely controls the Strait of Hormuz, despite maritime traffic through the crucial route lingering at only a small fraction of pre‑conflict levels.

He wrote, “Nothing reaches Iran unless we allow it, and nothing will pass unless a deal—or total surrender—is achieved.”

Earlier that day, Iranian Foreign Ministry spokesperson Esmail Baghaei told reporters there is no imminent plan for U.S.–Iran negotiations, contradicting Trump’s earlier comment that talks would resume Monday afternoon. Baghaei added that Iran’s only current discussions are with Oman concerning the Strait of Hormuz.

The conflicting statements have heightened uncertainty over the peace‑talk process and the broader conflict, now in its sixth month.

Trump’s assertion about new negotiations came a day after he said on Truth Social that he had agreed to cancel a massive strike against Iran “subject to being able to rapidly make a DEAL.” He said in the same post that Iran and other Middle Eastern countries had asked him to hold off on that attack because “the perimeters of a deal has been agreed to.”

Trump has claimed dozens of times throughout the more‑than‑five‑month‑long war that a deal is at hand. No permanent deal has been signed, and a temporary ceasefire reached in June has fallen apart.

Trump has also repeatedly threatened to launch devastating strikes against Iran before backing off. After the latest example, oil prices on Monday fell and stocks surged.

BMI, a research unit of Fitch Solutions, said in a note Monday that a broader diplomatic understanding on reopening the Strait of Hormuz is still achievable this quarter, while raising the probability of its escalation scenario to 35% from 25%, citing mounting military, diplomatic and economic signs of rising U.S.-Iran tensions.

“Diplomatic progress is likely to be punctuated by periodic military flare-ups, while miscalculation by either side could trigger a renewed escalation,” BMI analysts wrote in a note. The firm said the key issue to watch is the future governance of the strait, as the Iran-Oman talks — potentially backed by Gulf states, China and the U.S. — point to efforts to build a post-conflict shipping framework.

Shipping risks persist even as diplomacy appears to be advancing. The United Kingdom Maritime Trade Operations Centre said it received a report of an incident 20 nautical miles (23 miles) northeast of Khasab, Oman — at the mouth of the strait — with a tanker’s master reporting an explosion in close proximity to the vessel at about 20:37 UTC Sunday (4:37 pm ET). The vessel and crew were safe and authorities are investigating, UKMTO said, advising ships to transit with caution.

The proposal Trump announced over the weekend calls for the U.S. and Iran to return to negotiations and continue ironing out some of the thorny issues that had derailed diplomatic efforts, according to The Associated Press, citing a regional official involved in the mediation efforts.

The official said the proposal also includes a reopening of the Hormuz Strait and halting attacks across the region, including by Iranian-backed militias in Iraq on the Arab Gulf countries and Jordan.

The U.S., for its part, will end its naval blockade on Iran and allow Tehran to export its oil, the official said, adding that no deal has been reached, although the mediation efforts remained underway.

Trump’s weekend reversal has lowered the temperature after days of escalating attacks across the Gulf. Kuwait said Saturday that Iranian forces launched a wave of drones within its airspace, with its military destroying multiple aircraft after Iran targeted critical infrastructure in the country’s north.

A parallel track with Muscat is also advancing. Iranian diplomats said Tehran was close to reaching a new arrangement with Oman to manage shipping through the Strait of Hormuz, a deal critical to preventing the war from escalating further, according to the Financial Times.

Iranian officials said negotiations over future management of the Hormuz Strait with Oman, which sits on the opposite shore of the waterway, are in their final stages. The agreed shipping route would be different from those used before, according to Iran’s Foreign Ministry spokesperson, Baghaei, adding that the new route was separate from the issue of the strait’s reopening or continued closure.

Technologies

Oil Prices Slide as Trump Halts Planned Iran Strike

Oil prices dropped after Trump cancelled a planned strike on Iran, with WTI down about 5% and Brent near 5% lower. He said the move followed requests from Tehran and regional allies for a pause while a deal shaping the Strait of Hormuz and Iran’s nuclear program is negotiated.

Oil prices fell on Monday after President Donald Trump announced he had cancelled a planned strike on Iran. WTI futures dropped roughly 5% to $80.34 a barrel, while Brent slipped about 4.7% to $83.77 a barrel.

Trump said early Sunday he called off the strike after Iran and several Middle Eastern nations asked him to hold off, noting that the outlines of a deal had been agreed upon. He added that the prospective accord would entail the immediate, full opening of the Strait of Hormuz and an end to Iran’s nuclear ambitions, according to his Truth Social post.

The president had been considering another round of strikes as diplomatic hopes waned since the conflict began on February 28. He said the U.S. and Iran would meet for talks on Monday, but Iran denied any scheduled negotiations with Washington, citing PressTV. Iran’s foreign‑ministry spokesperson Esmaeil Baghaei clarified that Tehran was only discussing shipping routes through the Strait of Hormuz with Oman. In a follow‑up Truth Social message, Trump insisted that, regardless of Iran’s acknowledgment, the United States is indeed discussing a solution to a long‑standing problem created by Iran.

Technologies

Oil Prices Drop as Trump Cancels Planned Attack on Iran

Oil prices fell sharply after President Trump announced the cancellation of a planned strike on Iran, citing a new deal that would open the Hormuz Strait and end Iran’s nuclear threat.

Oil prices fell sharply on Monday after President Donald Trump announced that he had called off a planned strike on Iran.

West Texas Intermediate futures, the U.S. benchmark, slipped roughly 5% to close at $80.34 per barrel, while Brent crude, the international benchmark, declined 4.7% to settle at $83.77 a barrel.

Trump made the announcement early Sunday, saying he had canceled the strike following requests from Tehran and other Middle Eastern countries.

In a Truth Social post, he wrote: “We have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to.”

The president indicated that the proposed agreement would include the immediate, complete, and total opening of the Hormuz Strait, as well as an end to Iran’s nuclear threat.

Trump had been weighing additional strikes amid diminishing prospects for a diplomatic resolution to the conflict that began on Feb. 28. He stated that the U.S. and Iran would hold negotiations on Monday.

Tehran denied that talks were planned with Washington, according to state news outlet PressTV.

Iran’s Foreign Ministry spokesman Esmaeil Baghaei said Tehran was only holding talks with Oman regarding the routes ships can use through the Strait of Hormuz.

In a subsequent Truth Social post, Trump added that whether “Iran wants to admit it or not, we are, in fact, talking of a solution to a problem that they have caused for decades.”