Biggest real action movie last year was “Deadpool & Wolverine”, a Disney movie which was shot in UK and made a bit over 50% of its revenue overseas[1]. Its main stars were Canadian and Australian. Does this mean that you’ll have to pay double to go watch it to cinemas in the US? Will that make Disney to focus on the international market?
[1] https://the-numbers.com/movie/Deadpool-and-Wolverine-(2024)
What did he mean when he said this? Who knows - he probably doesn't even remember himself.
What will the resulting policy, if any, actually be? His advisors were probably hearing it for the first time just like the rest of us.
* Narrow scope of Section 230.
* Stop U.S. companies from "feeding, training, and improving" AI datasets belonging to Chinese companies.
* Expedite work to support low-earth orbit satellites like StarLink.
But it probaby counts that it was shot in the UK. The reason why Disney does that is because they get tax breaks from the UK government, which I think it's what Trump is referring to.
Amazing.
VAT is bad for US because a car made in US is 22% more expensive when sold in UK than a car made in UK sold in US. VAT makes it harder for US car company to sell in UK. It reduces number of US jobs making cars.
UK giving tax breaks to US companies also reduces number of US jobs because a catering business in Los Angeles loses a job to a catering business in London. So does a carpenter, an extra etc.
It's all simple to understand, consistent and frankly very leftist.
that makes no sense.
Assuming the same amount of cars sold, with or without VAT the amount of US jobs making cars would stay the same. VAT is applied to any car regardless of origin it's not harder or easier for anyone.
But a UK car sold in the UK is also 22% more expensive than a UK car sold in the US (I'm going to overlook that you've completely overlooked sales taxes in the US).
Now Disney will have to bow down and kiss the ring or their us incomes will fail. Make it too expensive to not bow down.
That's how this works. I'll make doing business too painful for you unless you cater to my will. So surrender.
Well......... Let's see if the gambit will pay off.
I assume there are very few locations like the UK that are going to be significantly hit by the tarifs and might react with countermeasures that will affect only a small part of the overseas revenue.