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Trump tariffs could threaten Hollywood production, box office recovery | Global News Avenue

On January 22, 2024, in the Hollywood logo in Los Angeles

Mario Tima | Getty Picture News | Getty Images

Los Angeles-President Donald Trump Just launched a trade war with the best friends in Hollywood.

For decades, Canada is known as northern Hollywood and has been a bustling hub for American movies and TV series. In addition to providing attractive tax credits for the National Studio, the country has developed first -class industry talent labor before and after the camera.

Trump Import tariff Hollywood insiders told CNBC that Canadian goods may threaten this relationship.

Some people are worried that higher trade war with Canada may lead to retaliation in northern neighbors in the United States in a way of damaging film production, which may revoke those popular tax credits or completely reject the stage to the United States Studio. Others believe that the relationship between Hollywood and Canada is firm enough to bear Trump’s collection.

Canadian Prime Minister Justin Trudeau wrote on the social media website X on Friday: “On both sides of the border, no one wants to see the US tariffs on Canadian goods.”

Saturday, Trump has announced a 25 % tariff on most commodities in Mexico and CanadaAnd 10 % tariffs from Chinese products. Trudeau Immediately shoot retaliatory tariffs Regarding American products, saying: “Like the US tariffs, our response will be far -reaching.”

According to insiders in the industry, Trump’s tariffs may put pressure on production budgets, especially for movies and TV programs.

However, most of the original materials of most studios are local works. For example, a Los Angeles is rare to bring wood from Canada. Movies and TV programs shot in other countries will be mainly used in these places or transportation from the United States, including food used in catering. The price may be seen slightly due to tariffs, but it may not be too much budget too much. many.

In addition, many of the typical production budgets are rented. Lighting, cameras and other production equipment come from the studio warehouse, and leased during the shooting period, which reduced production costs from higher taxes to a certain extent.

Squeeze consumers

Nevertheless, worrying is that the tariffs of the entire department may affect the wallet of the movie audience, threatening the sales of the box office.

It is expected that companies that import goods from these affected countries to the United States will pass additional costs to consumers. Increase the cost of hundreds of ordinary household productsEssence The film industry members who talked to CNBC said that they are worried that if customers start to tighten their wallets, the theater travel may be one of the costs that have been cut.

Hollywood Just started to rebound Double labor strikes have exacerbated the closure of COVID-19-19-19-Big popularity. Now, even if the studio can Improve the rhythm of the drama versionPeople are worried that movie audiences will not have the discretion to watch new movies and buy popcorn.

If that reality is sold, the entire industry may suffer losses.

In the end, industry experts told CNBC that Hollywood will lead to any consequences of Trump tariffs. However, it is difficult to deal with any callback in consumer expenditure.

Hope that even if the price rises, a large movie released in 2025 is enough to attract ticket sales and flow.

Don’t miss these opinions of CNBC Pro

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