In an interview with the celebrity.land, the president did not explain his proposal but indicated he is still considering the decline in production.
“I want to bring the movie business back to Los Angeles in particular,” he said.
Hollywood unions and producers have been lobbying the administration for a year to create a federal film incentive to compete with similar production incentives in the U.K., Canada and elsewhere. Such subsidies are structured as tax credits or rebates that create a steep discount on production costs in particular territories — and not as loans that would have to be paid back.
Trump has twice threatened to impose a 100% tariff on films made abroad, though without explaining how that would work, or what legal authority would allow it.
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