Trump's film tariffs threatens concern in the Australian film industry | Australian economy

The Federal Government says that it will work for the Australian film industry in response to 100% tariffs for film productions outside the USA.

“The film industry in America died very quickly. Other countries offer all possible incentives to move away our filmmakers and studios from the USA,” the US President wrote on Sunday about the social of truth.

“Hollywood and many other areas in the USA are destroyed.”

Australia is such a popular place for foreign film productions, it is sometimes referred to as “Hollywood Down Under”, with the latest large -scale productions such as The Fall Guy, Kingdom of the Planet of the Affen and Thor: Ragnarok.

The Federal Government's location offset program offers a 30% discount for BIG-BUTGET film projects rotated in Australia with additional post-production discounts and state governments that offer further sweeteners.

However, the introduction of tariffs could mean that these incentives are no longer attractive enough for productions on the massive US market.

According to Industry Peak Body Screen Producers Australia (SPA), Trump's step will send shock waves worldwide.

“At this stage it is unclear what this announcement means in practice or how it is applied and implemented,” said the Spa managing director Matthew Deaner.

“There are many strangers for our industry, but until we know more, there are undoubtedly shock waves worldwide.”

The Minister of Art Tony Burke said that he had carefully monitored the situation.

“Nobody should have doubts that we will clearly use the rights of the Australian screen industry,” said Burke in an explanation.

According to Australia's latest figures, foreign productions are large business for the local screen industry.

Almost half of the USD 1.7 billion, which was issued for screen production in Australia in 2023-24, was on international productions. $ 767 million for foreign film and television.

It is not yet clear how the tariffs could be imposed, but they could also influence the export of Australian content on the US market and possibly make tickets for films like George Millers Mad Max series more expensive.

In Trump's announcement on social media, he described files as a threat to the United States by foreign nations.

“This is a concerted effort of other nations and therefore a national security threat,” said Trump's post.