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President Donald Trump announced on Sunday that he is imposing a 100 percent tariff on all films produced outside the United States, asserting that Hollywood is being 'devastated' by the growing practice of American filmmakers and studios outsourcing production to foreign countries.
"The American movie industry is dying a very fast death," Trump stated. "This is a concerted effort by other Nations and, therefore, a National Security threat," Trump said in a post on Truth Social. "It is, in addition to everything else, messaging and propaganda!"
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