Hollywood films may soon be banned in China in the wake of Donald Trumps' globe-spanning tariffs. According to two influential Chinese bloggers, China is considering a slate of retaliatory measures against the U.S., one of which includes "reducing or banning the import of U.S. films."
00:03Hollywood films may soon be banned in China in the wake of Donald Trump's globe-spanning tariffs.
00:10Right now, the U.S. tariffs on China is currently at 54%.
00:14However, the president vowed to raise them to 104% if Beijing didn't back down from a pledge to match the current U.S. tariff rate.
00:21According to two influential Chinese bloggers, China is considering a slate of retaliatory measures against the U.S.
00:27One of which includes reducing or banning the import of U.S. films.
00:32This could potentially devastate Hollywood's access to the world's second-largest box office.
00:37According to Bloomberg, the potential plans were shared on social media, with both figures attributing the outline proposals to unnamed sources familiar with authorities' planning.
00:46The U.S. studios' earnings in China have declined drastically in recent years, as locals have shifted away from Hollywood films toward the country's homegrown Chinese-language blockbusters.
00:54But losing all access to the Chinese market could still ding the studio's bottom lines.
00:59Recently, a Minecraft movie opened in China in first place last weekend with ticket sales of $14.5 million, just over 10% of its 144 international earnings call.
01:09In 2024, the biggest U.S. release in the country was Godzilla X Kong, The New Empire, with a $132 million China box office total.
01:18For more updates on the story, head over to TheHollywoodReporter.com.
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