Trump tells Walmart to ‘eat the tariffs’ instead of raising prices
U.S. President Donald Trump said on Saturday that Walmart should “eat the tariffs” instead of blaming duties imposed by his administration on imported goods for the retailer’s increased prices.
Wes Anderson has some questions about President Donald Trump’s proposed film tariff.
During a Cannes Film Festival press conference for his latest movie “The Phoenician Scheme,” the Oscar-winning director reacted to the president’s plan to institute a 100% tariff on movies produced outside of the United States.
Anderson, who shot “The Phoenician Scheme” in Germany, expressed confusion about how such a tariff would work logistically.
“Can you hold up the movie in customs?” he asked. “It doesn’t ship that way.”
While Anderson noted he is not an expert on the subject, he called Trump’s announcement “fascinating” and voiced surprise at the idea of a 100% tariff, saying, “I feel that means he’s saying he’s going to take all the money, and then what do we get?”
But the “Moonrise Kingdom” filmmaker said he wanted to “hold off on my official answer” until he hears the details of the plan.
After Trump’s social media post announcing his film tariff proposal sparked widespread confusion in the entertainment industry, the White House appeared to walk the announcement back, saying that “no final decisions” had been made.
Trump had said on his social media platform Truth Social that he would authorize the Commerce Department “to immediately begin the process” of instituting the tariff because “the Movie Industry in America is DYING a very fast death,” adding that other countries “are offering all sorts of incentives to draw our filmmakers and studios away from the United States.”
Trump’s proposal also came up during a Cannes press conference for Richard Linklater’s new film “Nouvelle Vague,” which was shot in France. But the “Boyhood” director said he doubts that the president’s plan will ever come to pass.
“That’s not going to happen, right?” Linklater said. “The guy changes his mind like 50 times in one day.”
Outside of Cannes, Tom Cruise was asked about Trump’s tariff proposal during a “Mission: Impossible – The Final Reckoning” event earlier this month but declined to engage in the topic, saying, “We’d rather answer questions about the movie.”
Alex Jacquez, chief of policy and advocacy at the economic think tank Groundwork Collaborative and a former White House National Economic Council official during the Biden administration, previously told USA TODAY that Trump’s “tossed-off idea” is “nonsensical” and “not serious policy.”
Contributing: Brian Truitt
