“Hollywood is back”, proclaims Cannes Boss, but Trump's film tariffs can devastate the European Film Industry

President Donald Trump made no secret that the tariff was the “most beautiful word of the dictionary”, but no one ever saw it in the film industry.

But it seems to be in the works of Trump's true social post early this weekAnd it can have serious consequences for the film industry in Europe.

The President promised to establish a 100% tariff, but did not share additional details on when and how to use it.

If it would hit it, it would devastate whole industries in the UK and central Europe, especially if more Hollywood movies and shows, including Wicked and The game of throne spinoff Dragon house, have been increasingly shot or produced abroad.

Trump said Hollywood has an exchange “devastated” and pointed out that foreign stimuli are “propaganda”, which is a “national security threat” for the US

As most of the major media companies, be it Walt Disney or Universal Pictures, photographs of projects abroad, it is clear that the process of making the films is already completely globalized with the message “Sleep” with the Globalized-Anathema Trump.

Brian Cox playing the role of Logan Roy in the HBO series Growthspoken Times radio The fact that the Trump administration did not understand “how movies are made and what movies cost, [how] the cost of films [has] The cost of going and the cost of movies in America increased significantly. ”

“It's a kind of mess and divine ignorance of all these parts,” Cox added.

Film tariff news follows after years of interference with the industry, including COVID-19 delays, Hollywood actors and writers strikes and Los Angeles' cost lights. Their pulse sheep are felt worldwide.

Iris Knobloch, President of the Cannes Film Festival, said “Hollywood is back” and said the industry “invented itself”. Although it is too early to evaluate what might happen, Knobloch, former CEO of Warner, said Financial times This “films have always been resistant to any political or other pressure”.

“However, I hope that the global film industry will not paralyze caution and uncertainty,” she said.

There are many questions how tariffs can influence making movies

Almost half of the expenditure of film and television projects in US producers in 2023 was made outside the US, when budgets exceeded $ 40 million, respectively research firm ProdproTo.

This is largely because countries such as the United Kingdom, Belgium and Hungary offer important incentives, ranging from 25 to 45% in discountsIf movies and performances are made or produced. On the other hand, the cost of making movies in Hollywood is often much higher.

This is not uncommon for large -scale movies such as a magazine Mission impossible A franchise to have a spectacular background abroad where the plot is set.

It also has more than just filming – Movie's production is a long process and takes a village to become the final product we look at at home or in theaters. Production houses work between talented countries for a variety of tasks at the post -production phase, which includes editing, sound design, CGI and more.

It turns out to be difficult to have tariffs in some parts of the process and not to others, especially if it is not always a clear way to monitor which steps of the whole production process are in the US or abroad.

Take the UK, for example. Film and top-level TV show expenses in the country were £ 5.6 billion ($ 7.4 billion) in 2024, 31% more than 2023, according to British Film Institute (BFI). The vast majority of what spent the US

“While this message is clearly worrying, we need to understand the details of the proposed tariffs,” said Adrian Wootton Obe, BFI CEO of BFI Treasure In his statement. “We will meet [the] The next few days the government and our industrial policy group to discuss further. Britain and the United States have long enjoyed a strong, shared history of films, recently celebrating 100 years of creative collaboration and production. ”

Bectu, the British Union representing the employees of the media industry, said tariffs “Can deal with industry that is just a recovery, and is really a worrying news for tens of thousands of qualified freelancers who make movies in the UK”

Britain has just signed a trade deal with the US and are already “active discussions“Film production on tariffs.

Silver lining like Disney CFO Hugh Johnston pointed a Cnbc conversation This week is that Trump wants to help a filmmaker.

“What I really encouraged me was that the President talked about the fact that he wanted to help the industry and wanted to make the industry stronger,” he said.

However, there is still More questions If the answers to the tariffs that may follow.

This story was originally reflected on Fortune.com