variety.com: President Trump renewed his threat to tariff films made overseas on Monday, but also suggested that he would offer “low-interest bonds” to help stimulate domestic production.
In an interview with the New York Post, the president did not explain his proposal but indicated he is still considering the decline in production.
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Now, what is this? I will be the first to admit that I do not have a good grasp on issues of investment and economy, but Trump’s suggestion of bonds sounds literally terrible. In what world would loans help to sustain the movie industry? Maybe it could get some films off of the ground, but then they would have to make at least the money they loaned back in order to not be in debt. If the film industry is already tanking in America, how does the government expect production companies to make that money in sales? And the tariffs! Limiting international creative inspiration is cutting off so many creative relationships, which would most definitely limit the media America produces. Overall, I am just saddened at the state of the movie industry. I grew up imagining this idealized Hollywood where artists’ dreams came true. However, reality just feels like, even if a piece gets produced, there’s practically a 0% chance you make profit.
I genuinely don’t think trump understands how tariffs work, and no one is explaining it to the dude. You’re going to give someone a loan from the government to buy things that are more expensive due to the tariff you put on it? He single handedly ruined the cost of all the equipment production companies need to produce shows in LA, along with making the cost of living in LA go up daily, due to these tariffs. Instead of the countries paying them, all that’s happening is the companies going like “nah the customer can cover it, we’re just going to up the price whatever the tariff price is,” and trumps solution is just to give them more money through a loan? It just doesn’t add up and makes everyone pissed off in the long run because its giving folks a solution that mathematically doesn’t add up whatsoever. I am very interested in seeing how these companies respond to this.
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