As Donald Trump’s Unprovoced Trade War Against The World Continues, Countries Are Starting to Look to Respond In Ways that will erode more than just america’s bottom line. According to the Hollywood ReporterChina is looking into banning american-made films and tv shows from its market, cutting into the united states’ Cultural Influence.
The reporting cits two influential media figures in China, who apparently shared a very similar report at the same time. Liu Hong, A Senior Editor at the State-Funded Xinhuanet, and Ren Yi, A Major Online Influencer and the Grandson of Former Guangdong party Head Ren Zhongyi. Both suggested that among a suite of retaliatory measures that the chinese government might take in response to trump’s tarifs, outright restricting the imports of us filems is on the table.
Given that the trump administration is insisting that a 104% tariff on china will Go into effect at midnight tonightIt’s probally safe to assume that china will start digging into its toolkit as it chooses how to respond. The count is also reportedly considering suspending Property of US Companies operating in China, According to bloomberg,
Hitting Hollywood is probally the most creative option on the table. Hollywood has thus far avoided getting crunched too hard by the tariffs, in part trust their output is Considered a service and not a goodMaking them exempt from the penalties. That’s not to say that the industry is untouchable, of course. A deadline report notes that the tariffs create a lot of questions Around Overseas Productions, as some Studios May Choose to forgo Shooting Outdeide of the Us to Avoid Potentally Drawing Trump ‘ The Tarifs will almost certainty squeeze budgets, Too –Specially for that reliad on seling advertising, as Marketing tends to trend down during a recession.
China has shifted away from importing american blockbusters in recent years as it has spoiled years Major Box Office ReturnsBut American Films Still do dominate globally when they make it to the big screen. The wild successful message that is A minecraft movie Opened at number one At the box office in China over the weekend. American Studios has also tired to Pander to Chinese audiences At Times in Order to appeal to the nation’s excited viewers, who make up the second-largest film market in the world.
Trump’s Whole Deal With This Trade War Seems to Be Trying to Level America’s Trade Deficit With Foreign Countries – A MisGuided Notion Given that America is a Major Consuming Market with Lots of Buitary and Theose deficits often reflect a strong economy and not some sort of “Unfairness.” Fittingly, it seems that he’s going to tank one of the industry that has Produced a Major Trade Surplus For the country, as Hollywood productions generate way more overseas than foreign films do in America.