4.5 • 808 Ratings
🗓️ 5 May 2025
⏱️ 7 minutes
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From the BBC World Service: U.S. President Donald Trump says he will hit movies made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations across the globe. Plus, Skype will officially stop operating today, although Skype for Business will continue. And the Maldives has signed a deal with a Dubai-based company to establish an $8.8 billion investment zone aimed at diversifying the tourism hotspot into a "financial freezone."
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0:00.0 | Trump says he's going to slap blockbuster tariffs on foreign films. |
0:05.5 | Good morning. This is The Marketplace Morning Report. |
0:08.1 | And we're live from the BBC World Service. I'm Leanna Byrne. Thanks for tuning in. |
0:12.3 | Donald Trump is turning up the tariff dial. |
0:15.1 | And this time he's got a sights set on the silver screen. |
0:18.7 | On Truth Social last night, the president threatened a 100% levy |
0:22.5 | on any movie produced outside the US. Industry groups say the plan could push ticket prices higher |
0:28.5 | and spark trade retaliation. The BBC's Mariko Oi is following this one. Hello. Hello. |
0:35.0 | So I presume international reaction hasn't been so positive about this one. |
0:39.8 | No, not really, but also a lot of people are wondering how this is going to work. You know, |
0:45.0 | obviously 100% tariffs is a huge number. And if it's implemented in a way that some people |
0:51.6 | are assuming, it could be quite significant, especially for movie |
0:55.4 | industries in Japan, South Korea, also Australia, New Zealand, because we're talking about |
1:00.5 | movies that have been made outside of the United States. So we don't know whether this applies |
1:06.4 | to American production companies making movies, but filming abroad in places like Australia and New Zealand, |
1:14.2 | or is this also going to apply to Japanese, South Korean, Chinese movies that are trying to enter Hollywood as well? |
1:21.9 | So we've heard from governments of Australia and New Zealand basically speaking out for their own filming industries. |
1:28.5 | While there has been quite a lot of local media coverage, as you can imagine, about this |
1:32.8 | announcement. But what we don't know is how this is going to work because obviously the movie |
1:37.8 | industry is not exactly like cars being imported into the United States. So how these tariffs |
1:43.6 | would work, we still don't know the |
1:45.1 | details. Yeah, there is a lot of unknowns. But the thing is, a lot of countries around the world |
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