World Business Report
Trump plans to hit non-US-made movies
May 5, 2025
President Trump’s proposed tariffs on foreign-made films might reshape Hollywood, sparking debates about national security and economic impacts. A filmmaker shares insights from the set of Star Wars. In Ghana, a ban on foreign gold traders aims to enhance local revenue and address smuggling issues. Meanwhile, the rising costs of childcare in the U.S. are stressing families, united in their call for bipartisan solutions to this growing crisis.
26:28
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- President Trump's proposed tariffs on non-US-made films aim to protect the local film industry but may risk international profits.
- Ghana's ban on foreign gold traders seeks to bolster local competitiveness and revenue while addressing challenges in its mining sector.
Deep dives
Impact of Proposed Tariffs on the Film Industry
President Trump has proposed imposing 100% tariffs on foreign-made films to bolster the U.S. movie industry, claiming it faces a severe decline due to international competition. This approach stems from concerns over national security, as Trump suggests that foreign countries lure filmmakers away with incentives. However, industry experts caution that such tariffs could backfire, hindering U.S. films from profiting abroad where a significant portion of their earnings are generated. For instance, films like 'Inside Out 2' and 'Deadpool' drew over half their box office revenue from international markets, indicating that retaliatory tariffs could exacerbate the industry's troubles rather than resolve them.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
