China Limits U.S. Films Amid 145% Tariffs

Amidst escalating trade tensions, China has announced plans to reduce the number of American films allowed in its theaters as a response to President Donald Trump's increased tariffs on Chinese goods to 145%. This decision, confirmed by the China Film Administration, comes as China retaliates by imposing 84% tariffs on U.S. goods. Despite Trump's dismissive response, stating 'I think I’ve heard of worse things,' the move poses a significant challenge for Hollywood, which relies heavily on international markets like China for revenue. The situation exacerbates existing difficulties in the entertainment industry, which is already grappling with low production levels and economic uncertainties. The impacts of these tariffs are prompting companies like Warner Bros. Discovery to implement cost-cutting measures as consumer confidence wanes. The trade dispute further complicates Hollywood's recovery efforts following years of setbacks, including the pandemic and labor strikes.