It will reduce the profit margins of Hollywood studios. Maybe reduce the bonuses of their CEO.
It'll help thousands of Americans that used to be employed by said studios but were fired not because they couldn't do the job but because the greed of studio execs made them move production outside of the US, playing financial arbitrage games against the interest of the US.
Trump is trying to reverse this by making movies outside of the US, especially by US companies, more expensive. The goal here is not some statement about Hollywood but to bring movie production jobs back to US. The extras, the people who build sets, people who make food for actors etc. And jobs bring tax revenue and grow GDP, which helps every american.
It’s categorically impossible that this could bring movie production jobs to the US. If a policy along these lines is implemented, both foreign and domestic consumers will launch a massive retaliatory boycott. (I will personally begin that boycott today unless Hollywood executives denounce the proposal.) The current dominance of American media offers absolutely no leverage, because it’s trivial and cost-free to go cold turkey on it.
It'll help thousands of Americans that used to be employed by said studios but were fired not because they couldn't do the job but because the greed of studio execs made them move production outside of the US, playing financial arbitrage games against the interest of the US.
Trump is trying to reverse this by making movies outside of the US, especially by US companies, more expensive. The goal here is not some statement about Hollywood but to bring movie production jobs back to US. The extras, the people who build sets, people who make food for actors etc. And jobs bring tax revenue and grow GDP, which helps every american.