China has officially announced that they plan to decrease the amount of American movies they import, as a result of the ongoing trade dispute with the U.S., and instead focus on increasing movie imports from different nations.
On Thursday, the Chinese Film Administration (CFA), which regulates film releases and quotas within the country, responded to a reporter’s question about how rising U.S. tariffs on China might influence the import of American movies. A representative from the CFA stated that the U.S. government had erred by using tariffs against China, asserting that this action would invariably lessen the Chinese audience’s positive sentiment towards American films.
We plan to abide by industry standards, honor viewer preferences, and slightly decrease the quantity of U.S. movies we import. Given China’s status as the second-largest global film market, we have consistently championed openness towards foreign influences and aim to bring in more top-quality international films to cater to audience demands.
In response to Trump’s increase in tariffs on Chinese products to 125% on Wednesday, China retaliated the next day with a 84% tariff on American exports. This move by China is in reference to the effort being made to limit the import of American films into their country.
Hey there! On Tuesday, I came across some intriguing chatter about China potentially limiting or even banning Hollywood movies. This rumor gained traction after two influential Chinese voices – one a state media editor, the other linked to a former party leader – published similar plans on the same day. These plans suggested that Chinese authorities might retaliate against Trump’s tariffs by imposing bans on American films.
As per the existing trade deals, China has agreed to screen 34 foreign movies annually on a revenue-sharing basis, allowing international studios to retain 25% of the box office earnings from these films.
More to come…
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2025-04-10 14:54