movies

Trump announces 100% tariff on foreign-made movies

suraz

Trump's latest tariff threat on foreign-made movies is a bold swing at protecting American filmmaking but it overlooks how intertwined the global industry has become. Consider this the US movie business generates over 229 billion dollars in wages annually supporting 2.32 million jobs across more than 122000 businesses largely through Hollywood's dominance in blockbusters and streaming.

Yet foreign language films are carving out a bigger slice with the US film subtitling market alone valued at 1.2 billion dollars in 2024 and projected to grow at 8.5 percent CAGR through 2033 as audiences crave diverse stories from places like South Korea and India. Demand for non-English series peaked in 2022 but foreign releases still jumped 22 percent in 2023 fueling growth in dubbing and translation markets expected to hit 5.4 billion dollars globally by 2032.