Posted in : ABC , Current News , Max , Netflix , cyclosis , TV| Tagged : canada , donald trump , trump
Donald Trump ’s plan 25 % tariffs on trade good from Canada could end up drive more TV production north , hurting Blue States and Red States .
Disney down 1.5 % . Warner Bros. Discovery down 3.6 % . Comcast down 0.8 % . Paramount Global down 1.6 % . Netflix down 0.2 % . Even Trump Media & Technology Group – down more than 4 % . When the marketsopened this morning , it was clean-cut that POTUSDonald Trump ’s at hand tariffs were on a destiny of masses ’s mind – and making a number of family line in the amusement industry understandably nervous . Unless something changes between now and then , Trump is expected to sign an executive order on Tuesday that would levy 25 % tariffs on goods from Mexico and Canada and 10 % tariffs on goodness from China . In response , Mexico , Canada , and China have denote high tariffs against U.S. goods and service in reply – with many of the economical sanctions focused on Trump - supporting land ( Red States ) . To say that a free burning tariff war will negatively impact a whole lot of folks in a whole lot of ways would be an understatement – and that includes U.S. television yield .
It ’s no mystery that Hollywood has a long history of filming in Canada – especially in Toronto and Vancouver – in large part because it ’s much more budget - favorable in terms of costs . If Trump ’s tariffs end up drive the value of the Canadian dollar ( the loonie ) against the U.S. one dollar bill to 70 cents or low-toned ( a realistic possibility based on current market value ) , that could lead to a rush by not just large - scale production but also middle - scurf and indie production to leave the U.S. and look northwards to get the most out of their filming budgets . Even if it ’s not for filming , a depressed Canadian dollar mark would incentivize U.S. studio to look to our neighbors to the north for post - production work .
None of that is good intelligence to California – or Texas . In California , Gov. Gavin Newsom ’s effort to proffer financial incentives to bring back picture and video production to the state are being meet by a number of other states that are looking to lend some of that Hollywood thaumaturgy ( and money ) across their country lines . In summation , there are the tragic realities of the past several weeks , with windstorms and wildfires devastating the Los Angeles area – make the want for increased production in the nation full of life to the long - term rebuilding efforts .
As we saw at the oddment of January , Matthew McConaughey , Woody Harrelson , Dennis Quaid , Billy Bob Thornton , andRenée Zellwegerwere pushing the Texas legislature to turn over a budget that would revamp the Texas Film Inventive – even putting out a four - minute promo picture ( with McConaughey and Harrelson going " ' True Detective'-esque " ) to also signal to Hollywood that the Lone Star State has a pile to offer up cinematography - wise ( and a raft of local businesses that could utilize the business that a take production can bring in ) . As California ( Blue State ) struggles to lend production back and Texas ( Red State ) push to make the state a major role player in the video production game , Trump has taken the Canadian option and throw it a snapshot of epinephrine – which could result in more productions trench both Red States and Blue States for our neighbors to the north .
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