The re-election of Donald Trump has sent shockwaves through Hollywood, leaving many in the industry wondering how his policies will affect their future. The entertainment industry, already known for its outspoken political views, has been particularly vocal about its concerns, especially in regards to international trade and the potential impact of Trump’s trade policies on American film and television exports.
Producers are worried about the potential for increased tariffs on US goods, including entertainment products. Trump’s promise to raise tariffs on Chinese-made products to 60% could spark retaliatory measures from Beijing, leading to reduced access for American entertainment content in China. This could significantly impact the profitability of US films and TV shows, as the Chinese market has become increasingly important in recent years.
Beyond tariffs, the uncertainty surrounding Trump’s approach to international trade agreements has created a sense of unease within the industry. Many fear that his policies could lead to increased barriers to entry for American productions in foreign markets, making it more difficult to secure distribution deals and reach global audiences.
“When I saw the results come in, and Trump had won, I just wanted to put my head down on my desk and weep,” said one unnamed “indie industry vet.” “But in terms of the business, we’ll have to see how much will really change.”
The concerns extend beyond the financial implications. Some producers worry that Trump’s policies could negatively impact the creative process itself, leading to a more restrictive and less welcoming environment for international productions in the US.
“When we come to America, it’s like coming to Europe where we have to deal with all of the different states to navigate rebates and support, and it’s frankly confusing as hell in the US,” said Australian producer Jim Robison (Lunar Pictures). “The most we can realistically hope for is that he just leaves the entertainment industry alone.”
While the Motion Picture Association (MPA) – the major studios’ lobbying group – has issued a statement expressing its willingness to work with the administration on issues important to the industry, the future remains uncertain. The entertainment industry, with its global reach and economic significance, will undoubtedly be closely watching the developments in the Trump administration’s trade policies, hoping for a positive outcome that allows American entertainment to continue flourishing on the world stage.
