Trump is likely saying this because the new Prime Minister of Canada is visiting tomorrow, and Canada has been fairly successful building a "Hollywood North" industry -- lots of good filming locations, lots of talents that are indistinguishable from Americans, and tax credits on top.
This is 100% targeted at Canada, and trying to threaten destroying the Canadian film industry as another lever against Canada.
And it is laughably silly. Even in Canada alone, "Hollywood" nets far more than it ever spends here[1]. And of course worldwide media is something that the US has an enormous trade surplus. It's yet another harebrained bit of nonsense from the extremely smooth, simpleton mind of Trump and his greasy used-car salesman, carnival barker Howard Lutnick.
What Trump is really achieving in all of these declarations is making the rest of the world ask why do we accept Hollywood controlling the film or music industry, or Silicon Valley controlling the tech industry, or NYC the financial industry, etc? The end result of this is going to be massive decentralization and lowered importance of US industry leadership.
[1] Not to mention that the tax credits quite literally subsidizes the industry. And FWIW, I am wholly against tax credits for film productions, and much like paying a sports team to build a stadium, the accounting of the supposed benefit just doesn't make any sense.
And indeed, Howard "Barking Carnival Huckster" Nutlick went on Fox News to attack Canada having a film industry. It is exactly what I said.
One of the most amazing things about the Idiocracy administration in place in the US is this belief that everything is the ___domain of Americans, and if any other nation is doing it, clearly they're stealing it. Canada had an automotive industry as long as the US did. We used to have the AutoPact before NAFTA, and we need to bring it back. Canada has a robust film industry on its own.
So when Howard Nutlick does his embarrassing "why does Canada make our films" act, there is a point there -- zero US media should be allowed into Canada. None. All IP rights on US products should be abolished. All patents and other.
This is 100% targeted at Canada, and trying to threaten destroying the Canadian film industry as another lever against Canada.
And it is laughably silly. Even in Canada alone, "Hollywood" nets far more than it ever spends here[1]. And of course worldwide media is something that the US has an enormous trade surplus. It's yet another harebrained bit of nonsense from the extremely smooth, simpleton mind of Trump and his greasy used-car salesman, carnival barker Howard Lutnick.
What Trump is really achieving in all of these declarations is making the rest of the world ask why do we accept Hollywood controlling the film or music industry, or Silicon Valley controlling the tech industry, or NYC the financial industry, etc? The end result of this is going to be massive decentralization and lowered importance of US industry leadership.
[1] Not to mention that the tax credits quite literally subsidizes the industry. And FWIW, I am wholly against tax credits for film productions, and much like paying a sports team to build a stadium, the accounting of the supposed benefit just doesn't make any sense.