UK in talks with US officials over movie tariffs, says minister
FILE PHOTO: Chris Bryant speaks at the House of Commons in London, Britain, June 28, 2023. UK Parliament/Jessica Taylor/Handout via REUTERS
LONDON (Reuters) -Britain is in "active discussions" with top U.S. officials over the 100% tariff on all movies produced outside the U.S. announced by President Donald Trump, as it aims to protect one of its biggest creative industries.
"We are already in active discussions with the top of the U.S. administration on this subject. We are working hard to establish what might be proposed, if anything, and to make sure our world-beating creative industries are protected," creative industries minister Chris Bryant told parliament on Wednesday.
Bryant noted that Trump had not given any details about his proposal, adding that it was not clear how tariffs could be applied to the film industry, with productions often created and developed across different locations and countries.
The entertainment industry was left flummoxed on Monday by Trump's announcement of tariffs, with executives questioning both the timing of the proposed levy and how it could be enforced.
Britain has a leading film and TV production industry, centred on studios located close to London.
Production spending on films in Britain in 2024 totalled $5.91 billion, according to ProdPro, compared with $14.54 billion in the United States.
(Reporting by William James and Paul Sandle, writing by Sarah Young; Editing by Sachin Ravikumar)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russia hits truck near Polish border in latest strike near NATO
- Australia vows to bolster resilience of telco networks after Optus outage
- US Rep. Tom Tiffany says he sustained minor injuries after plane makes emergency landing
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share