- US President Donald Trump plans a 100% tariff on foreign-made movies to protect the country's film industry
- He said he would also impose substantial tariffs on countries not producing furniture in the United States
- A 50% tariff will be imposed on imports of kitchen cabinets and bathroom vanities from October 1
US President Donald Trump, who had threatened more tariff on various issues, is making good on his promise. Today he announced his intention to impose "a 100% Tariff on any and all movies that are made outside of the United States" and "substantial tariffs on any country that does not make its furniture in the United States".
In a post in Trust Social, President Trump said the "movie making business" of the US has been stolen by other countries like "candy from a baby."
"California, with its weak and incompetent Governor, has been particularly hard hit! Therefore, in order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States," his post read.
In another post shortly after, President Trump said, "In order to make North Carolina, which has completely lost its furniture business to China, and other Countries, GREAT again, I will be imposing substantial Tariffs on any Country that does not make its furniture in the United States".
"Details to follow," he had added.
Hollywood, once a byword for American films, has been struggling lately, with streaming platforms making viewers less keen to go to movie theatres. There has been a significant drop in box office sales followed by a cut in production.
In 2023 and 2024, there have been strikes by the Writers Guild and the labour unions that also led to massive losses. The estimated loss in 2023 alone was $5 billion. And reports say that the jobs lost because of the strike are yet to be recovered.
In August, President Trump said his team has launched an investigation into all furniture coming into the US.
"Within the next 50 days, that investigation will be completed, and furniture coming from other countries into the United States will be tariffed at a rate yet to be determined. This will bring the furniture business back to North Carolina, South Carolina, Michigan and states all across the Union," his post read.
On Thursday, he had announced a fresh round of tariffs, focusing on specific items like kitchen cabinets and furniture, which will take effect on October 1. "We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furniture," he had said in a post on Truth Social.
Jobs for furniture and wood product manufacturing have been cut in half since 2000, Reuters reported. In 2024, the US imported furniture worth around $25.5 billion, with more than half of those imports coming from Vietnam and China, reported news agency Reuters.
The import duties will make it more challenging for companies to hold down prices, reported Reuters.
Prices for everything from clothes to TVs have shot up in recent months as manufacturers and retailers struggle with the ever-changing tariff environment while also trying to offset rising commodity and supply-chain costs.
