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On the 4th, U.S. President Trump announced that he will impose a 100% tariff on all foreign-made films. Currently, Hollywood has several big-budget films being filmed and completed in various locations worldwide, including "Mission: Impossible 8", Disney and 20th Century Studios' "Avatar: Fire and Ash", as well as Lionsgate's spin-off of "John Wick". Marvel Studios' "Avengers 5: Day of Destruction" has also started filming in London. Former senior official of the U.S. Department of Commerce and Senior fellow at the Center for Strategic and International Studies (CSIS), William Reinsch, stated that if other countries/regions retaliate against Trump's film tariffs, it will have a devastating impact on the U.S. film industry. "What we lose is far more than what we gain." He mentioned that although Trump mentioned "national security," it is difficult to justify this reasoning for the film industry.