#TrumpTariffs The Cannes would not be Cannes if something extraordinary did not happen before the start of the festival. This time, the noise is caused by U.S. President Donald Trump, who announced a week before the showcase that he is considering imposing 100% tariffs on film production abroad, which understandably shocked Hollywood, accustomed to cutting losses by filming in cheaper countries and various tax breaks.
The industry immediately faced the question of how this would affect sales at the Cannes Film Market — one of the most important industry events where the fate of hundreds of projects is decided. According to experts, the president's initiative could indeed significantly harm American companies' business.