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#TrumpTariffs Here are some key points about Trump's tariffs¹:
- *Tariffs on Foreign Films*: Donald Trump announced 100% tariffs on foreign films, citing the decline of the American film industry. The proposal has sparked confusion and concern in Hollywood, with many questioning its feasibility and potential impact.
- *Trade War with China*: Trump imposed tariffs of up to 145% on Chinese goods, claiming China is "suffering greatly" due to the tariffs. China has retaliated with tariffs of up to 125% on US imports.
- *Global Economic Impact*: The trade war has raised concerns about the global economy, with China's finance minister warning of "unprecedented huge risks."
- *US Trade Deficit*: The US trade deficit hit a record high in March, with imports surging before the tariff implementation.
- *Impact on Industries*: Companies like Ford, Mattel, and Clorox have warned about the financial toll of tariffs, while Philips estimated a hit of $250-300 million due to tariffs.

*Reactions*

- *Hollywood*: Industry insiders have criticized Trump's film tariffs proposal, arguing it would harm the US film industry and questioning its enforceability.
- *China*: China has signaled willingness to engage in dialogue but emphasized its commitment to defending its interests.
- *US Allies*: Japan and other US allies are navigating the complexities of Trump's trade policies, seeking to maintain good relations with both the US and China.#paircoin