The president said the new import penalties are an effort to spur the production of feature films in America and revitalize Hollywood.

Trump, in an evening post on his social media platform Truth Social, said he has instructed the Commerce Department and US Trade Representative to place a 100% tariff on films that are produced outside the United States and imported into America.

The president posted that Hollywood and other areas are "being devastated" due to "a concerted effort by other Nations," which constitutes a "National Security threat."