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

EUR -
AED 4.301156
AFN 72.601323
ALL 95.426204
AMD 431.661594
ANG 2.096607
AOA 1074.966542
ARS 1625.345213
AUD 1.613565
AWG 2.109242
AZN 1.972853
BAM 1.955254
BBD 2.358482
BDT 143.739859
BGN 1.955456
BHD 0.441756
BIF 3484.274768
BMD 1.170988
BND 1.490171
BOB 8.091982
BRL 5.769923
BSD 1.170993
BTN 112.009764
BWP 15.775066
BYN 3.262961
BYR 22951.364632
BZD 2.355123
CAD 1.604617
CDF 2605.448961
CHF 0.916062
CLF 0.026462
CLP 1041.617562
CNY 7.953465
CNH 7.947782
COP 4466.967891
CRC 533.060243
CUC 1.170988
CUP 31.031182
CVE 110.236098
CZK 24.332486
DJF 208.527109
DKK 7.472215
DOP 68.920753
DZD 155.060396
EGP 61.970481
ERN 17.56482
ETB 182.841505
FJD 2.559604
FKP 0.865605
GBP 0.866355
GEL 3.126342
GGP 0.865605
GHS 13.27369
GIP 0.865605
GMD 86.063612
GNF 10274.13086
GTQ 8.933505
GYD 244.987861
HKD 9.169954
HNL 31.140304
HRK 7.533783
HTG 152.932516
HUF 358.060608
IDR 20504.760872
ILS 3.408389
IMP 0.865605
INR 112.020283
IQD 1533.971625
IRR 1536336.244201
ISK 143.610339
JEP 0.865605
JMD 185.192748
JOD 0.830242
JPY 184.836922
KES 151.233361
KGS 102.40256
KHR 4697.808451
KMF 491.814758
KPW 1053.908866
KRW 1745.205967
KWD 0.360968
KYD 0.975857
KZT 549.601825
LAK 25662.710082
LBP 104862.650463
LKR 380.040361
LRD 214.296561
LSL 19.280516
LTL 3.457623
LVL 0.708319
LYD 7.415707
MAD 10.734082
MDL 20.082992
MGA 4862.808128
MKD 61.635947
MMK 2458.236249
MNT 4191.755618
MOP 9.445944
MRU 46.808728
MUR 54.813722
MVR 18.032835
MWK 2030.784913
MXN 20.141777
MYR 4.602567
MZN 74.837549
NAD 19.280516
NGN 1604.991758
NIO 43.087967
NOK 10.746153
NPR 179.222307
NZD 1.973828
OMR 0.450241
PAB 1.171013
PEN 4.014679
PGK 5.1754
PHP 71.957799
PKR 326.205876
PLN 4.249163
PYG 7161.000228
QAR 4.269181
RON 5.209375
RSD 117.376348
RUB 86.037989
RWF 1717.271765
SAR 4.399954
SBD 9.401873
SCR 16.396972
SDG 703.171687
SEK 10.913901
SGD 1.490217
SHP 0.874261
SLE 28.835575
SLL 24555.035151
SOS 669.233114
SRD 43.553759
STD 24237.087207
STN 24.493578
SVC 10.246139
SYP 129.486637
SZL 19.273276
THB 37.925375
TJS 10.966319
TMT 4.098458
TND 3.411347
TOP 2.819458
TRY 53.182322
TTD 7.944917
TWD 36.913636
TZS 3041.817172
UAH 51.493281
UGX 4390.848811
USD 1.170988
UYU 46.517804
UZS 14222.271218
VES 590.509993
VND 30853.191598
VUV 138.151844
WST 3.164874
XAF 655.790666
XAG 0.013229
XAU 0.00025
XCD 3.164654
XCG 2.110393
XDR 0.813801
XOF 655.754275
XPF 119.331742
YER 279.455807
ZAR 19.232893
ZMK 10540.304397
ZMW 22.102488
ZWL 377.057655
  • RBGPF

    0.0000

    61

    0%

  • RYCEF

    0.1200

    16.2

    +0.74%

  • GSK

    0.1300

    51.03

    +0.25%

  • BP

    -0.2300

    44.17

    -0.52%

  • RIO

    2.5600

    112.06

    +2.28%

  • AZN

    2.0800

    186.62

    +1.11%

  • VOD

    0.4700

    15.565

    +3.02%

  • CMSD

    -0.0450

    23.555

    -0.19%

  • JRI

    -0.0300

    13.11

    -0.23%

  • BCC

    -2.1750

    65.755

    -3.31%

  • BCE

    0.0250

    24.495

    +0.1%

  • NGG

    -0.2350

    87.005

    -0.27%

  • CMSC

    -0.0400

    23.07

    -0.17%

  • RELX

    -1.3450

    31.425

    -4.28%

  • BTI

    1.5600

    65.2

    +2.39%

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)