Picture split showing China's President Xi Jinping and President-elect Donald Trump. (Xi photo: Pedro Pardo - Pool/Getty Images| Trump photo: Chip Somodevilla/Getty Images)
For about 30 years, China imported 10 Hollywood movies annually. But the National Film Administration (NFA) in Beijing said on its website that Trump’s tariffs would continue to sour its domestic demand for American movies in China.
"We will follow market rules, respect the audience's choices, and moderately reduce the number of American films imported," the NFA said on its website.
China was once looked to by Hollywood to help boost the box office performance of movies, since the former is the world’s second-largest film market.
TRUMP SAYS HE'LL 'TAKE A LOOK' AT EXEMPTING SOME LARGER US COMPANIES HIT ESPECIALLY HARD BY TARIFFS
A poster for the movie Inside Out 2 is displayed in Hong Kong, on July 3, 2024. (Vernon Yuen/NurPhoto via Getty Images)
Walt Disney recently received permission to debut the new Marvel superhero movie, "Thunderbolts" on April 30, but others like Tom Cruise’s "Mission Impossible – The Final Reckoning" and James Guns’ "Superman," could be in jeopardy.
The news comes after the White House said Thursday it had imposed 145% in new tariffs on China, up from the 125% Trump announced the day before.
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While hiking rates on China, Trump said he would reduce tariffs on other countries that did not retaliate against the U.S. to his baseline of 10%.
Reuters contributed to this report.
Greg Wehner is a breaking news reporter for Fox News Digital.
Story tips and ideas can be sent to Greg.Wehner@Fox.com and on Twitter @GregWehner.
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