Netflix pushes back on proposed UK levies, streaming faces broad impact of Trump tariff war
While subscription streaming service providers offer just that — “services,” and not “goods” subject to tariffs — they’re not directly impacted by the vast reach of President Donald Trump’ | While streaming services aren't directly impacted by the global tariff war - make no mistake, streaming...
Also some of this effects how shows and movies are produced within countries.
Earlier this week, Netflix pushed back against the UK’s Influential Culture, Media & Sport Committee (ICMS), which has recommended that the British government collect a 5% levy from all foreign streaming companies operating in the country.
This isn’t new language from the ICMS, which says it wants to protect local producers and keep the UK from becoming a “Hollywood of Europe.” But the rhetoric has re-emerged as Trump has enacted a 10% baseline tariff on all imported goods from Europe and all other international destinations into the U.S. — taxes that remain in place even with the president’s decision Wednesday to pause even-more-austere reciprocal tariffs for 90 days.
For its part, Netflix responded with a statement suggesting that any local levies will be greeted with consumer price increases.