Berliner Boersenzeitung - Toronto festival head says Trump tariffs would hurt film quality

EUR -
AED 4.244974
AFN 72.820821
ALL 95.679468
AMD 435.069847
ANG 2.069125
AOA 1059.943556
ARS 1608.41038
AUD 1.649033
AWG 2.083477
AZN 1.960828
BAM 1.950286
BBD 2.324029
BDT 141.589657
BGN 1.975759
BHD 0.435868
BIF 3415.542608
BMD 1.155882
BND 1.475727
BOB 7.973455
BRL 6.141665
BSD 1.153937
BTN 107.875982
BWP 15.734511
BYN 3.500901
BYR 22655.282549
BZD 2.320738
CAD 1.585043
CDF 2629.631372
CHF 0.910875
CLF 0.027167
CLP 1072.7165
CNY 7.959867
CNH 7.977497
COP 4241.407488
CRC 538.976054
CUC 1.155882
CUP 30.630867
CVE 109.954107
CZK 24.487528
DJF 205.479011
DKK 7.47136
DOP 68.496328
DZD 152.86307
EGP 59.999466
ERN 17.338226
ETB 181.855905
FJD 2.559642
FKP 0.866441
GBP 0.867079
GEL 3.138222
GGP 0.866441
GHS 12.578435
GIP 0.866441
GMD 84.954116
GNF 10114.40169
GTQ 8.839008
GYD 241.417396
HKD 9.05505
HNL 30.542641
HRK 7.533347
HTG 151.38197
HUF 393.178948
IDR 19599.362345
ILS 3.593781
IMP 0.866441
INR 108.66508
IQD 1511.625902
IRR 1520706.944273
ISK 143.64086
JEP 0.866441
JMD 181.287413
JOD 0.819536
JPY 183.919854
KES 149.487327
KGS 101.07943
KHR 4610.962577
KMF 493.56122
KPW 1040.327809
KRW 1739.960935
KWD 0.354359
KYD 0.961581
KZT 554.761421
LAK 24778.937947
LBP 103341.603261
LKR 359.962213
LRD 211.16294
LSL 19.465661
LTL 3.413019
LVL 0.699181
LYD 7.387113
MAD 10.782612
MDL 20.095181
MGA 4811.395855
MKD 61.466205
MMK 2425.983079
MNT 4124.393548
MOP 9.314164
MRU 46.190397
MUR 53.760182
MVR 17.870088
MWK 2000.942367
MXN 20.733739
MYR 4.552987
MZN 73.846768
NAD 19.465661
NGN 1567.66451
NIO 42.459945
NOK 11.070054
NPR 172.601971
NZD 1.98137
OMR 0.444436
PAB 1.153937
PEN 3.98942
PGK 4.980917
PHP 69.526124
PKR 322.168873
PLN 4.275387
PYG 7536.690129
QAR 4.219569
RON 5.087616
RSD 117.118848
RUB 96.006653
RWF 1678.952788
SAR 4.339939
SBD 9.306767
SCR 15.832933
SDG 694.685214
SEK 10.812147
SGD 1.481684
SHP 0.867211
SLE 28.405845
SLL 24238.275136
SOS 659.435457
SRD 43.331121
STD 23924.418772
STN 24.430922
SVC 10.096452
SYP 127.969146
SZL 19.471943
THB 38.037761
TJS 11.083163
TMT 4.057145
TND 3.407964
TOP 2.783085
TRY 51.2244
TTD 7.828864
TWD 37.030636
TZS 3000.117216
UAH 50.55027
UGX 4361.667455
USD 1.155882
UYU 46.498526
UZS 14068.222325
VES 525.568607
VND 30413.56094
VUV 137.376492
WST 3.153027
XAF 654.107521
XAG 0.017125
XAU 0.00026
XCD 3.123828
XCG 2.07962
XDR 0.8135
XOF 654.107521
XPF 119.331742
YER 275.797228
ZAR 19.734312
ZMK 10404.320537
ZMW 22.530296
ZWL 372.193456
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • NGG

    -3.5400

    81.99

    -4.32%

  • GSK

    -0.5300

    51.84

    -1.02%

  • BCE

    0.0600

    25.79

    +0.23%

  • RIO

    -2.5000

    83.15

    -3.01%

  • AZN

    -5.3300

    183.6

    -2.9%

  • RELX

    -0.4600

    33.36

    -1.38%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • BTI

    -1.3500

    57.37

    -2.35%

  • VOD

    -0.0900

    14.33

    -0.63%

  • BCC

    -1.5600

    68.3

    -2.28%

  • BP

    -1.0800

    44.78

    -2.41%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • JRI

    -0.3900

    11.77

    -3.31%

Toronto festival head says Trump tariffs would hurt film quality
Toronto festival head says Trump tariffs would hurt film quality / Photo: Clinton Gilders - GETTY IMAGES NORTH AMERICA/AFP

Toronto festival head says Trump tariffs would hurt film quality

Hollywood has always been "an international industry," that would suffer creatively if cross-border work was curbed, the head of North America's largest film festival told AFP.

Text size:

Cameron Bailey, chief executive of the Toronto International Film Festival, joined other entertainment industry leaders in criticizing President Donald Trump's proposed 100 percent tariffs on foreign films, a surprise weekend announcement that plunged the movie industry into uncertainty.

"Hollywood itself has always been, since the very early days, an international industry," Bailey said in an interview at TIFF's flagship Toronto venue, a complex that includes cinemas, bars and other social spaces.

He recalled the US film industry's "classic era" in the 1940s and 1950s, created by filmmakers who had come from Europe.

Bailey said the history of movie-making has proven the value of letting "story-telling brilliance to really flow across borders."

"Like any global industry, when you draw on the very best talent from around the world, you're always going to do better," Bailey said.

Writing on his Truth Social platform on Sunday, Trump said he had authorized his administration to begin "instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands."

"WE WANT MOVIES MADE IN AMERICA, AGAIN!" he wrote.

A survey of studio executives revealed that their top five preferred production locations for 2025 and 2026 were all outside of the United States, due to competitive tax incentive schemes on offer.

Toronto was first on the list and Vancouver, in western Canada, ranked third.

Trump has imposed tariffs on a range of Canadian goods including autos, steel and aluminum but his plans for the film industry remain unclear.

Bailey said if Trump moved forward, any actions to limit film production in Canada would likely lead to less talent feeding into Hollywood.

"Our actors become their movie stars sometimes," Bailey said.

"Our producers and screenwriters and directors and crews are all working to support Hollywood's movies, shows, series, and that's been going on for a long time."

- 'No sticky floors' -

As cinemas face fresh challenges to attract customers amid the growth of streaming services, Bailey said future success for theaters will rely on their ability to offer an elevated social experience.

TIFF's downtown Toronto venue, The Lightbox, includes a cocktail lounge and various other areas for social interactions to complement watching a film.

"Nothing wrong with watching something at home on the couch, that's always nice as well, but we believe in the theatrical experience," Bailey said.

"You'll see more and more movie theaters offer those kind of premium experiences, serving meals, serving wine, offering people places to hang out after the movie to talk," he added.

The "technical experience," including picture quality and sound, also need to be elite, Bailey said.

"No sticky floors, obviously, it has to feel like it's something special when you go out."

- Talent poaching? -

Canadian universities, hospitals and other institutions are making targeted efforts to attract top US talent, trying to recruit disgruntled researchers who are facing political and financial pressure under Trump, including with threats of massive federal funding cuts.

Bailey told AFP he does not see the need for Canada's film industry to be "actively recruiting" US artists, but affirmed Canada should remain "a haven" for those uncomfortable with political circumstances in other countries, including the United States.

"Canada has a not-too-distant history of welcoming people who didn't want to take part in the Vietnam War as Americans, and they came to Canada, and they were a significant part of building the culture in the 60s and 70s in this country," he said.

The 50th edition of TIFF opens in September.

(S.G.Stein--BBZ)