The Powers That Be: Daily
Lights, Camera, Tariffs
May 8, 2025
Matt Belloni, a writer at Puck and host of The Town podcast, joins to unravel the implications of Trump's tariff announcement on foreign film and TV productions. He highlights Hollywood's panic as shoots move to Canada and Europe. The conversation dives into the declining market share of California productions and the possible solutions like tax credits to keep film work stateside. Matt also explores the evolving relations between Hollywood, tech giants, and the political landscape, stressing the urgent need for intervention.
24:52
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Quick takeaways
- Trump's proposed tariffs on foreign film productions could severely disrupt Hollywood's export surplus and deepen industry challenges.
- The declining competitiveness of California's film industry may require bipartisan political solutions, including tax incentives to retain productions.
Deep dives
Trump's Tariff Threat and Hollywood's Struggles
Donald Trump proposed a 100% tariff on films produced abroad, raising concerns within the Hollywood community about the implications for the industry. This proposal stems from a broader issue where the California film industry has struggled for two decades, with more productions shifting to regions like Europe and Canada due to better financial incentives. Industry experts believe that implementing tariffs would not only conflict with World Trade Organization rules but also disrupt Hollywood's current surplus in movie exports. The lack of effective leadership in Los Angeles has allowed other jurisdictions to outpace California, putting the future of the local film industry at risk.
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