Netflix co-CEO urged Trump to skip movie tariffs, prefers tax incentives

Netflix co-CEO Ted Sarandos said he urged President Donald Trump not to impose tariffs on foreign-made films and television, arguing tax incentives are a better way to boost US production. "He has brought up tariffs for the movie and television industry many times, and I've hopefully talked to him the way out of them," Sarandos said in a new interview.

Trump announced a plan on Truth Social in May to impose a 100% tariff on films produced outside the US, but he has not implemented it. He framed the proposal as a way to slow production declines in Hollywood and other areas of the country that he said are being devastated by filming incentive programs abroad.

Sarandos suggested the US should instead use tax incentives to lure work back, noting that "healthy incentive programs attract a lot of production, and you've seen a lot of them move from California to Georgia to New Jersey." "Having the incentives versus tariffs is much better," he said.

United States, California, Georgia, New Jersey

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