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25
EntertainmentSep 30, 2025 07:43 PM

Indian filmmakers say too early to assess impact of Donald Trump's 100 per cent tariff proposal

New Delhi, Sep 30 (PTI) Producers and distributors say it is too early to assess the exact implication of US president Donald Trump's announcement of a 100 per cent tariff on foreign-made films but if it applies to Indian films releasing in America, then the ticket rates will go up. On Monday, Trump reiterated his comments in May by announcing that he will be imposing a "100 per cent tariff" on any and all movies that are "made outside of the United States". Asked about Trump's latest announcement, Shibasish Sarkar, president of the Producers Guild of India, said he is taking a wait and watch approach to the matter as there is no clarity about how the tariffs on movies will be implemented. "We should wait till he comes with a circular on the same. It seems that he is focused on the US films which are going outside of the US for production and he wants to raise the tariff when they come to home country for exhibition. The objective is to bring local employment, investment. In such a scenario, a non-US film, releasing in the US, I don't foresee any major impact," Sarkar told PTI. However, if the tariff applies to all films, both American and foreign, being released in the US market, then Indian films could feel the impact. "In that case, the producer will pass on the ticket prices to the consumer, then the footfalls will come down. For Indian films it is not of much significance because a substantial amount of business comes from domestic ticket sales. Among overseas markets, the US is big, but it constitutes only 6 to 7 per cent of overall revenue for Hindi films. "For Tamil and Telugu films, the US is a significant market. If there's a tariff of 100 per cent, then there will be an impact of 5 to 6 per cent for South films, and for Hindi films it will be 3 to 4 per cent at the revenue level," he said. Leading distributor Rajesh Thadani also said that there was not much clarity about Trump's proposed tariff. "If the 100 per cent tariff is applicable to Indian films and companies, then it will definitely have some impact on us. The US is a significant market for Indian films, especially South language movies like 'Baahubali', 'KGF', and others. If the tariff is on Indian films being shown there, then the ticket rates might go up and fewer people will go to theatres. It is yet to be known whether the streaming platforms like Netflix and others come under this tariff or not," he said. Exhibitor-distributor Akshay Rathi said North America is a significant market for Indian films, particularly for Telugu films. "The movie fraternity can continue to release their films in North America. It is in the interest of the theatres over there to make sure they price the ticket sensibly, where the 100 per cent tariff works out to be reasonable so that enough people turn up at cinemas. I'm sure they will find a solution to make sure that the consumption of movies is not hampered because of the tariff. "However, it is important to wait for the fine print of the policy to be out because then that will lead to more clarity," he said. Ramesh Taurani of Tips Films highlighted the uncertainty and lack of clarity in many of Trump's statements. "It's too early to comment on this, he keeps saying something new daily. We should wait and watch for things to get sorted," he said. In his post on Truth Social, Trump said the movie making business has been stolen from the United States of America by other countries. "... Just like stealing 'candy from a baby.'" He said the new tariff would be imposed "on any and all movies that are made outside of the United States". Trump, however, did not specify when the tariff would take effect. It also remained unclear whether the levy would cover films on streaming platforms like Netflix and Prime Video in addition to theatrical releases, or how it would be calculated. In May, the US president said he would talk to Hollywood executives about his plan and to begin the process of imposing the levy because America's film industry was dying "a very fast death". PTI KKP RB RB BK BK

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Priyanka Chopra Jonas Teases New Hindi Project After 6-Year Hiatus, Says 'You Will Need To Speak To...'

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22
BusinessNov 28, 2024 10:50 AM

China's Market Woes Amidst Trade War Uncertainty | Headlines

China and Hong Kong stock markets are experiencing a downturn due to rising concerns over the U.S.-China trade war, particularly regarding proposed tariffs and chip sales restrictions. The CSI300 and Shanghai Composite indexes fell, while Hong Kong's Hang Seng Index dropped 1.32%. Investors are wary of potential new restrictions on semiconductor and AI chip exports to China, further exacerbating market uncertainty. The automotive sector, led by BYD, also suffered from intense price competition among Chinese carmakers. Investor sentiment remains cautious, reflecting fears of escalating trade te ...Read More >

18
EntertainmentDec 02, 2024 01:18 PM

Ananya Panday reveals which of Kareena's characters she wishes to pull off - The Statesman

Actress Ananya Panday has recently shared her aspirations to take on some of Kareena Kapoor's most iconic characters. Actress Ananya Panday has recently shared her aspirations to take on some of Kareena Kapoor's most iconic characters. The actress, known for her urban girl roles in films like "Student of the Year 2" and "Gehraiyaan," expressed excitement at the challenge of stepping into a completely different, more rooted character like "Chameli" and Dolly from "Omkara." During her recent appearance on Raj Shamani's podcast, Ananya said, "I would love to do something like Chameli or Dolly ...Read More >

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EntertainmentDec 03, 2024 01:03 PM

10 Bollywood Actors Who Retired Suddenly

IMAGE: Vikrant Massey in The Sabarmati Express. At 46, Quentin Tarantino said he would quit Hollywood at the age of 60 after he directs his 10th movie, reasoning he wouldn't want to linger on past his prime. He's 61 now and still deciding on the script of his much-hyped grand finale. Academy-award winner Daniel Day Lewis announced he would hang his boots in 2017 only to make an exception, seven years later for son Ronan's direction, Anemone. Back home, Vikrant Massey is grabbing headlines by his sudden decision to retire from films. 'Coming 2025, we would meet each other for one last time ...Read More >

18
BusinessDec 03, 2024 12:59 PM

Asian stocks climb on Wall Street lead; yuan, euro sag

The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >

23
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China Open to 'Dialogue' with US After Trump Tariff Threats

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27
PoliticsNov 26, 2024 08:48 PM

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17
BusinessNov 28, 2024 01:28 PM

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20
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35
EntertainmentDec 06, 2024 01:51 PM

Entertainment News | Yo Yo Honey Singh Documentary to Drop on OTT on This Date | LatestLY

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24
EntertainmentDec 13, 2024 12:25 PM

I am deeply honoured: Payal Kapadia reacts to her Golden Globe nomination - Times of India

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BusinessNov 27, 2024 12:29 PM

Ajay Devgn's Singham Again trails Kartik Aaryan's Bhool Bhulaiyaa 3 by more than 7 crore | Hindi Movie News - Times of India

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23
BusinessDec 03, 2024 02:59 PM

Nifty 50 above 100-DEMA. Five factors that are driving the Indian stock market. Is a Santa Claus rally around? | Stock Market News

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EntertainmentDec 04, 2024 03:59 PM

The Roshans: Netflix Documentary Series Explores the Legacy of Hrithik Roshan's Iconic Film Family

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