Business

Trump ‘Truths’ about tariffs on films and furniture

Trump ‘Truths’ about tariffs on films and furniture

President Donald Trump on Monday said he would impose a 100% tariff on foreign-made films and slap “substantial Tariffs” on any country that does not make furniture in the United States.
Trump’s statements left key questions about the plans unanswered.
In a pair of Truth Social posts, Trump claimed that California’s movie-making business and North Carolina’s furniture industry have been lost to other countries, and that the new duties on imports would reverse the slide.
“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby,'” Trump wrote. “Therefore, in order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States.”
Trump made an identical threat to tariff foreign-made films in May.
But the White House quickly softened its tone and no action was taken. It was unclear what, if anything, was different between Trump’s prior threat and his current one.
Separately on Monday, Trump wrote, “I will be imposing substantial Tariffs on any Country that does not make its furniture in the United States.”