Trump, via his Truth Social platform, expressed his determination to revive the American film industry, which he says has suffered significantly in recent years due to international competition. He has previously blamed foreign subsidies for drawing filmmakers away from the U.S. and appointed Hollywood stars as advocates to promote domestic filmmaking. This latest plan follows his administration's broader implementation of tariffs, which have raised prices for consumers globally. In an industry report, production spending in the U.S. reportedly dropped by 26%, with rivals like Australia and Canada gaining traction. The ongoing trade tensions with China, including retaliatory tariffs, further complicate the landscape for American films abroad. Despite these challenges, industry analysts note that the U.S. remains a key player in global film production.

In light of these developments, Trump suggests he may enter negotiations with various countries, though he remains non-committal on immediate plans to talk to Chinese President Xi Jinping about trade agreements.