Trump orders 100% tariff on foreign movies to save 'dying' Hollywood

US president claims issue is a 'national security threat'

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The iconic Hollywood sign in Los Angeles, California. President Donald Trump says the U.S. movie industry is dying a "very fast death" due to incentives other countries offer filmmakers. © Reuters

WASHINGTON (Reuters) -- U.S. President Donald Trump on Sunday announced a 100% tariff on movies produced outside the country, saying the American movie industry was dying a "very fast death" due to the incentives that other countries were offering to lure filmmakers.

"This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda," Trump said on Truth Social.

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