NEW YORK (AP) — President Donald Trump is eyeing Hollywood for his next round of tariffs, threatening to levy all films produced outside the U.S. at a steep rate of 100%.

Donald Trump says he will hit films made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations around the world. The US president said he was authorising the Department of Commerce and Trade Representative to start the process to impose the levy because America's film industry was dying "a very fast death".

He attributed this to filmmaking incentives provided by other countries and described it as “a concerted effort by other Nations and, therefore, a National Security threat.” Hollywood immediately panned the idea and portrayed it as an existential threat to the U.