Newsom Panics over Trump Hollywood Tariff; Asks for Tax Credits Instead
California Governor Gavin Newsom (D) reacted Monday evening to President Donald Trump’s proposed 100% tariff on movies made outside the U.S. by asking for a $7.5 billion tax credit for the industry instead. Trump made the tariff proposal Sunday as a way of shifting Hollywood production back to the U.S., after decades in which the industry sought to cut costs by filming in Canada or even as far away as South Africa. The president’s proposal drew applause from unions that represent “below the line” workers in the film industry, such as the Teamsters, which praised the president for taking American...