Top Hollywood studio executives plan to hold a conference call Friday with Film Association President Charles Rivkin to discuss President Donald Trump's surprise proposal to impose tariffs on films made outside the United States, Hollywood Reporter Learned.

The film industry was in trouble on weekends after Trump went to social media on Sunday to announce it was “making Hollywood great again”, while filming in other countries was nothing more than a threat to national security.

However, the next morning, the White House seemed to clarify Trump's decree in a statement and clarified that "no final decision was made."

So far, the MPA (the main trading organization representing the studios and their parent companies) has not formally commented on Trump’s comments.

Those expected to be held with Rivkin include Disney Entertainment co-chair Allen Bergman Sarandos and Warner Bros Discovery CEO David Zaslav.

Many sources say such tariffs, depending on how they are calculated, could destroy the film industry as well as TV, as more leniency tax breaks and production incentives are considered, and therefore how many shows and movies are considered. Production budgets could result in 25% or more at a time when the industry has not yet fully recovered from the pandemic and labor strikes. This could lead to fewer movies, which in turn could put further economic pressure on theater chains in the United States and overseas.

Rivkin has been a staunch advocate for increasing production incentives on behalf of his studio members, as have union leaders.

There are many other unsolved questions about how to impose tariffs on services made by American companies and a digital one, because most movies are now transferred digitally, not movies. Moreover, as of 2023, American films generated a trade surplus of more than $15 billion. In other words, Hollywood movies often dominate the box office in many foreign markets (main markets including China, Japan and South Korea).

Trump's plan appears to come from a plan developed by Jon Voight, who was appointed as the new president's Hollywood ambassador, who was elected to the White House, along with Mel Gibson and Sylvester Stallone. Gibson and Stallone have been silent so far this week and a source told thr That Stallone was surprised (both he and Gibson will be shooting the upcoming movie overseas).

News of Friday's meeting was that Disney was preparing for Tuesday's earnings call. It's almost guaranteed that Disney Chief Bob Iger was asked about Trump's tariff drive. Paramount global earnings are on Thursday.