Donald Trump: Tariffs on foreign film productions announced

Trump claimed the American film industry was dying. The reason, according to Trump, was that other countries were luring filmmakers and studios from the US with various incentives. Trump's solution: a 100 percent tariff on films "coming into our country that were produced abroad."

Perplexed in Hollywood

No details were provided. It's unclear how such tariffs would even work, since films aren't imported like goods with a fixed price and are often cross-border productions. The US government would therefore have to, among other things, find a way to evaluate films – and determine when they are considered an import. Commerce Secretary Howard Lutnick (63) immediately announced he was working on the issue.