Beijing bites back at US tariffs by curbing Hollywood imports
* Beijing bites back at US tariffs by curbing Hollywood imports China restricts Hollywood imports in response to US tariffs * Hollywood’s share in China’s box office drops to 5% * Domestic films dominate China’s box office, accounting for 80% of revenue BEIJING, – China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump’s escalation of U.S. tariffs on imported Chinese goods, targeting one of the most high-profile American exports. Industry analysts said the financial impact was likely to be minimal, however, because Hollywood’s box office returns in China have declined significantly in recent years. After three decades during which China imported 10 Hollywood movies per year, Beijing’s National Film Administration said Trump’s tariff actions would further sour domestic demand for U.S. cinema in China. “We will follow market rules, respect the audience’s choices, and moderately reduce the number of American films imported,” the NFA said on its website. Hollywood studios once looked to China, the world’s second-largest film market, to help boost box office performance of …
