BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
World

Australia, New Zealand pledge support for film industry after Trump proposes tariffs

Published May 5, 2025 Updated May 5, 2025 11:18pm
New Zealand’s Prime Minister Christopher Luxon walks at Downing Street to meet Britain’s Prime Minister Keir Starmer, in London, Britain, April 22, 2025. REUTERS
New Zealand’s Prime Minister Christopher Luxon walks at Downing Street to meet Britain’s Prime Minister Keir Starmer, in London, Britain, April 22, 2025. REUTERS
By

SYDNEY: Australia and New Zealand vowed to advocate for their film industries on Monday after U.S. President Donald Trump announced a plan to impose 100% tariffs on foreign-made movies.

Australia and New Zealand have emerged as popular filming locations for Hollywood movies in recent years, given lower costs and tax incentives from federal and state governments.

Earlier, Trump said in a post on Truth Social that it was due to incentives offered by other countries to lure filmmakers that the American movie industry was dying a “very fast death”.

He said he was authorizing the relevant government agencies, such as the Department of Commerce, to immediately begin the process of imposing a 100% tariff on all films produced abroad that are then sent into the United States.

Australia’s home affairs minister, Tony Burke, said he had spoken to the head of government body Screen Australia, which offers funding to support the development, production and marketing of screen content, about the proposed tariffs.

Trump says Hollywood ‘dying’; orders 100% tariff on non-US movies to save it

“Nobody should be under any doubt that we will be standing up unequivocally for the rights of the Australian screen industry,” Burke said in a statement.

New Zealand Prime Minister Christopher Luxon said the government was awaiting further details on the proposed tariffs.

“We’ll have to see the detail of what actually ultimately emerges. But we’ll be obviously a great advocate, great champion of that sector and that industry,” he said.

The Australian film and television sector was worth over A$4 billion ($2.58 billion) in 2022, according to the country’s statistics bureau.

Australia was the filming location for the Matrix franchise and is a permanent base for studios including Marvel, while New Zealand is best known as the filming location of the “Lord of the Rings” trilogy.

The Australian government has committed A$540 million in tax incentives since 2019 to attract international productions, with the bulk going to Hollywood movies such as Marvel’s “Thor: Love and Thunder”, Universal’s “The Fall Guy” and Legendary Pictures’ “Godzilla vs Kong”.

In New Zealand, the film sector generates NZ$3.5 billion ($2 billion) annually, with around a third of revenue coming from the U.S., its foreign ministry said in a March 2025 report.

Comments

Comments are closed for this article.