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Nintendo filed a lawsuit against the U.S. government on Friday over its extraction of tariffs from global businesses. The gaming giant is seeking a refund for any duties it paid due to President Donald Trump’s executive orders that invoke the International Emergency Economic Powers Act (IEEPA). This lawsuit, filed in the U.S. Court of International…
Apple plans to increase its commitment to U.S. manufacturing, according to a White House official cited and first reported by Reuters. The tech giant is set to announce Wednesday another $100 billion in spending to help boost production of its products here in the U.S., after previously committing to invest $500 billion in the country…
Tariffs are projected to cost Apple $1.1 billion in the July-to-September quarter, an uptick from the previous period, CEO Tim Cook said during the company’s earnings call with investors Thursday. Those cost projections, which are based on current rates and policies, could end up lower than expected as they did in the previous quarter. Apple…
“Amazon posts weak cloud growth while rivals Google, Microsoft thrive” Amazon on Thursday forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web Services cloud computing unit after rivals handily beat expectations. Shares fell by more than 3% in after-hours trading after finishing regular trading up 1.7% to $234.11. Both Google-parent Alphabet and Microsoft posted…
As part of his final act as New Jersey governor, Phil Murphy officially welcomed Netflix to Monmouth County. Netflix Studios Fort Monmouth will Miracle-Gro the Garden State’s already thriving film and TV production business, a desirable industry attracted by generous tax incentives. Murphy far prefers a “carrot” technique to the “sticks” of President Trump’s threatened…
Francis Ford Coppola is sharing his opinions on Donald Trump’s proposed movie tariffs. During a Friday profile with GQ, The Godfather director addressed the “uncertainty” surrounding the tariffs the president announced Sunday. He said that implementing these tariffs would be “like slamming the door closed” on potential monetary gain for the United States. “All it…
Trump’s plan to Make Hollywood Great Again by imposing a 100 percent tariff on “any and all Movies coming into our Country that are produced in Foreign Lands” has left the industry with more questions than answers. Like: huh? Or: is this even legal? And our personal favorite: what about TV? “WE WANT MOVIES MADE…
With Hollywood reeling from the potential cataclysmic effects of Donald Trump’s calls for 100 percent tariffs on non-U.S. produced movies, California Gov. Gavin Newsom sprung into action on Monday evening, proposing a team up with The White House on a $7.5 billion federal film tax credit scheme to provide relief to the entertainment industry. Newsom’s…
Of course, it was too good to be true. For the first 100 days of Donald Trump‘s second presidency, it looked like the entertainment industry might just escape the huge costs and relentless chaos unleashed by his radical attempts to remake global trade. Entertainment products like movies were exempt from Trump’s original “Liberation Day” tariffs…
Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein…