In a swift move on Thursday, China announced fresh restrictions on the import of Hollywood movies in retaliation to the U.S. President Donald Trump’s recent escalation of tariffs on Chinese goods.
China, which allowed the import of 10 films from Hollywood each year for three decades, revealed through its National Film Administration that these sanctions are a direct response to the heightened trade duties imposed by Trump. The administration noted that U.S. films have already been experiencing a dip in popularity across China, a trend it anticipates will continue as domestic interest wanes in light of trade tensions.
From the White House, President Trump remained optimistic during a cabinet meeting, maintaining that despite the back-and-forth tariffs, a resolution with China is within reach. Trump expressed a strong sense of respect for Chinese President Xi Jinping, underscoring a longstanding personal relationship.
The U.S. President still said that Xi has been a friend of his for a long time, and he thinks that they will end up working something out together for both of their countries.
“We’ll see what happens with China. We would love to be able to work a deal. They’ve really taken advantage of our country for a long period of time,” Trump said.
