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Widespread tariffs may soon hit Hollywood where it hurts most, the global box office
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In the latest twist in U.S.-China trade tensions, Beijing is eyeing America's silver exports
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And if that happens, it could mean a major plot twist for your favorite blockbusters
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China, considering a sweeping move to cut Hollywood films from its theaters
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Bloomberg reports two influential media figures in China, known for signaling government thinking
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posted that a ban could be on the table. This comes after the Trump administration announced a 104% tariff on Chinese imports
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set to take effect midnight Wednesday. While films and streaming fall under services and not physical goods
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the posts suggest China is looking for ways to respond to the tariffs
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And it could hit hard as China is the second largest film market in the world
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and a major source of revenue for U.S. studios. with big releases on the way Like Marvel Fantastic Four this summer a potential band could mean a significant drop off for the MCU The top five Marvel
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movies alone have brought in $1.6 billion at the Chinese box office. Without that market
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future releases could face a steep climb to global success. And according to Variety
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2024 Godzilla X Kong was the highest grossing US release in China, earning $124 million after 24 days on release
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In recent years, Chinese audiences have been gravitating toward domestic films that reflect
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local culture and values, while Hollywood's influence has started to slightly fade
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But U.S. films still dominate globally, and if China follows through, Hollywood could lose
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hundreds of millions in box office earnings, and some fans might miss out on seeing blockbuster
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films on the big screen. With Straight Arrow News, I'm Kennedy Felton. Download our app or visit san.com for more