Trump want 100% tax for foreign films make U.S. movie industry strong amidst trade fight
US President Donald Trump don announce say im get plan to put 100% tax on all films wey dem import, so dem go fit make American film industry strong and protect jobs for US. Trump talk say im get worry say local films no dey get influence like before and say plenty people don lose dia jobs because studios dey look for foreign incentives. Im call am matter of national security and tell Department of Commerce and US Trade Representative make dem start the tax process. The plan na to make local production go up, keep US cultural influence, and promote soft power. China, wey already be the second-biggest film market for the world, reply by reducing the number of American movies wey dem allow to show. This one make Hollywood share for Chinese box office reduce from 36% in 2018 to 14% in 2024. This trade wahala wey dey increase—wey now dey affect big studios like Disney, Warner Bros., and Paramount—fit cause other countries to block things too and limit the kind of films wey go dey for US. Even though e no get direct connection to cryptocurrency, big changes for trade policy fit make investors no sure and cause up and down for financial markets, including digital assets. Crypto traders suppose dey watch out for possible wahala wey go scatter as global policy changes dey happen.
Neutral
Even though Trump 100% tax on foreign films and China wahala come make global trade tension high and scatter traditional markets, e no get direct or sharp link to any cryptocurrency or related projects. Past examples show say wahala for global policy fit make risk assets, including cryptocurrencies, volatile as investors find safe place or change their portfolio. But since dis news no get any clear crypto-related policy or specific effect on the sector, the way e affect digital asset prices still no direct and na sentiment push am. So, the way cryptocurrency go react to dis news na neutral, dem tell traders make dem dey alert to general market risk but make dem no expect direct price movement just because of dis developments.