Core Viewpoint - The U.S. film industry is facing significant challenges, prompting President Trump to announce a 100% tariff on all films produced abroad, citing a rapid decline in domestic film production [1] Industry Impact - Industry professionals indicate that the current capacity for film production in the U.S. is limited, making it unrealistic to mandate that all films be produced domestically [1] - Analysts warn that the tariff policy could lead to retaliatory measures from other countries against U.S. films, potentially exacerbating the challenges faced by the industry [1]

Core Viewpoint - The U.S. film tariff policy is deemed perplexing by Canadian officials and poses a threat to Canada's economy, prompting a shift towards reducing reliance on the U.S. market [1] Group 1: Economic Impact - The implementation of the U.S. film tariff policy could negatively impact the Canadian economy [1] - British Columbia's government is committed to supporting the film industry while seeking to expand into international markets [1] Group 2: Strategic Response - The province aims to decrease its dependency on the U.S. film market in response to the tariff policy [1]

Group 1 - Trump's proposal to impose a 100% tariff on films produced outside the U.S. has caused concern among investors in major streaming and production companies, leading to stock declines for companies like Netflix and Paramount [1] - Following the announcement, Netflix's stock fell by 1.5% and Paramount's by approximately 0.7%, while Disney and Universal's parent company, Comcast, also experienced a drop before recovering [1] - The White House spokesperson indicated that no final decision has been made regarding the foreign film tariff, and the government is exploring all options to fulfill Trump's directive to "make Hollywood great again" [1] Group 2 - U.S. production companies have increasingly turned to overseas filming for tax incentives and unique locations, with Netflix announcing a $1 billion investment in Mexico over the next four years [2] - The number of European countries offering film production incentives has increased from 17 in 2017 to 36 in 2024, while Asian countries have risen from 7 to 15 [2] - Morgan Stanley's media research head, Benjamin Swinburne, warned that imposing a 100% tariff on some or all film costs would lead to reduced film output and increased costs, ultimately shrinking industry profits [2] - The U.S. film industry's export value reached $22.6 billion in 2023, generating a trade surplus of $15.3 billion [2] - Swinburne raised concerns about the potential impact on projects already in production and questioned whether foreign governments might block U.S. content through theaters or streaming channels, which could significantly affect the global influence of Hollywood content [2]

特朗普关税"炸弹"突袭好莱坞，一直以来被视为关税风险"避风港"的奈飞，也难逃一劫。 据环球网，特朗普提议对所有进口电影立刻加征关税100%，理由是保护正在"迅速消亡"的美国电影业 并促使生产回流。 作为主要流媒体平台，周一奈飞股价因担忧成本上升而下跌近2%。花旗分析指出，在最坏情况下，奈 飞每股收益可能减少约6美元，降幅达20%，但公司有多种应对策略可能减轻影响。 奈飞受创：关税"避风港"地位不保 花旗分析师指出，奈飞此前被视为关税风险的"避风港"，但特朗普的政策将直接打击其商业模式。 据估计，奈飞年度内容支出约170亿美元，其中60%由奈飞自制，而自制内容中约50%在美国境外生 产。在100%关税打击下，奈飞每股收益可能减少约6美元，降幅达20%。 | Figure 1. Potential Tariff Impact on EPS ($ billions; pct; millions; $ per share) | | | | | | | --- | --- | --- | --- | --- | --- | | | 2020 | 2021 | 2022 | 2023 | 2024 | | Content ...

Core Viewpoint - The announcement by President Trump to impose tariffs of up to 100% on films produced overseas has sparked widespread criticism and concern regarding its potential impact on the U.S. film industry and its global competitiveness [1] Industry Impact - The proposed tariffs are expected to significantly increase production costs for major U.S. film companies, which could undermine their competitiveness in the global market [1] - Major Hollywood companies such as Netflix, Disney, Warner Bros, and Paramount experienced stock price declines of over 2% following the announcement, indicating immediate market reaction and concern [1] Expert Opinions - Industry experts argue that while the policy is framed as a measure to "protect American films," it may actually threaten the collaborative foundation that the U.S. film industry relies on for survival, potentially leading to job losses [1] - Multiple industry associations in the U.S. are jointly urging Congress to carefully assess the economic and legal implications of the proposed tariffs [1]

有电影行业人士指出，特朗普政府此举对好莱坞影视行业来说是一场灾难。 美国总统特朗普当地时间5月4日称，对所有进入美国、在外国制作的电影征收100%关税。美国白宫5日 表示，尚未就此做出最终决定。 《好莱坞报道》欧洲分社社长罗克斯伯勒表示，"电影价格可能会上涨，拍电影的成本可能会越来越 高，所以要么制作的电影更少，要么制作的电影成本更高，这些成本很可能会被传递下去，所以去看电 影会更贵，票价会上涨，那样的话，去看电影的观众可能更少了。目前整个电影行业已经处于危机之 中，如果我们再加上额外的生产成本或关税，这真的会对这个行业产生灾难性的影响，我真的看不到任 何积极方面。" 罗克斯伯勒指出，之所以美国电影制作公司逐渐将制作转移到英国、加拿大和澳大利亚等海外地区，是 因为当地有税收减免等经济激励政策。如果美国不推出激励措施以减少电影拍摄成本的话，愿意回到美 国本土的电影制作公司可能寥寥无几。 此外，罗克斯伯勒还对欧洲等其他受影响的国家的回应表示担心，尤其欧洲市场是美国电影的主要出口 地区之一。 罗克斯伯勒表示，如果欧洲决定采取针锋相对的关税措施，就像他们威胁的那样，那可能会产生巨大的 影响。因为说到电影，美国的出口远 ...

Core Viewpoint - The proposal by President Trump to impose a 100% tariff on all movies produced abroad raises concerns among various sectors in New Zealand about the potential negative impact on the global film industry, particularly for countries like New Zealand that rely on international collaboration for film production [1] Industry Impact - If implemented, the 100% tariff could significantly affect the global film industry, leading to increased production costs and potential shifts in film production locations [1] - New Zealand, as a country that heavily depends on international partnerships for its film industry, may face severe repercussions, including reduced foreign investment and collaboration opportunities [1]

据新华社报道， 美国总统特朗普5月4日称，将对所有在外国制作的电影征收1 0 0%关税。 特朗普：美国电影业"迅速衰亡" 据新华社报道，特朗普在社交媒体"真实社交"上发文称，美国电影业"正在迅速衰亡"，其他 国 家 正 通 过 各 种 激 励 措 施 " 吸 引 美 国 电 影 制 作 人 和 工 作 室 离 开 美 国 " 。 特 朗 普 说 ， 好 莱 坞 因 此"遭受重创"，这对美国构成"国家安全威胁"。 特朗普说， 他将授权美国商务部和美国贸易代表立即启动程序，对所有进入美国、在外国制 作的电影征收1 0 0%关税，希望"再次拥有美国制作的电影"。 据 新 华 社 援 引 好 莱 坞 行 业 媒 体 报 道 说 ， 近 年 不 少 美 国 电 影 公 司 前 往 英 国 、 澳 大 利 亚 、 加 拿 大、爱尔兰和西班牙等国制作大片，好莱坞也需要借此降低影片成本。媒体指出，对外国制 作电影加征关税的做法或将对美国娱乐产业产生重大冲击。 美国战略与国际问题研究中心资深研究员、美国商务部前官员威廉·赖因施认为，对外国制作 电影加征关税"弊远大于利"，将"杀死我们（美国电影）产业"，且外国制作电影构成"国家 ...