This will be the end of Hollywood. Movies don’t make the majority of their money in the United States anymore. The international market is more valuable than the American market, and these tariffs will invite counter-tariffs (as they always do) with countries placing barriers on the import of American movies in favour of their own film industries.

Due to decades of Hollywood filming wherever they could get the biggest incentives, those industries are already well built-up; they’ve just generally been used for filming American productions and generating profit for American studios instead of their own. Now that’s going to change and the dominance of American cultural export is going to end.