Tariff Stupidity Goes to the Movies

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A 100% tariff on films made overseas might sound tough, but it ignores the real reasons Hollywood productions left the U.S. in the first place. From high healthcare costs to foreign tax breaks, no tariff will bring them back—and the result would only saddle consumers and farmers with more economic pain. This breakdown exposes the political theater behind the policy and why it misses the mark.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
More tariff stupidity. Wait for it, Okay, this is today.
Our movie making business has been stolen from the United
States of America by other countries, just like stealing candy
from a baby. California, with its weekending company Governor, has
been particularly hard hit. Therefore, in order to solve this

(00:37):
long time, never ending problem, I will be imposing a
one hundred percent tariff on any in all movies that
are made outside of the United States. Thank you for
the attention to this matter. How do you go about
doing that? We talked about this here on the program.

(00:58):
Hollywood's been making movies overseas for some time. I remember,
you know the John Adams, the John Adams miniseries was
in Hungry. If I'm not mistaken, I think most of
the Marvel movies are done in London. Rob Low's game
show Game Show, they actually fly the contestants over to

(01:20):
Europe to do them there. Georgia, which used to be
the state of Georgia here in the United States, which
used to have a prolific movie making industry that's shifted overseas.
Why healthcare costs You think I'm kidding. Oh yeah, all
the benefit costs. Healthcare costs that are demanded just too

(01:43):
expensive here in the United States. That's that's why. That's
why again you never see any of the Hollywood types
get bent out of shape over that You're gonna put
one hundred percent tariff on any and all movies that
are made outside the United States. How's that exactly going
to work? Are you going to add a you know,

(02:07):
a surcharge when people go to the movie theater to
buy tickets? Is something going to pop up on my
streaming service when I watch a movie that was made
over seas that I have to pay a tariff to
watch it? How do you go, mister president, How are
you going to collect this? Again? It's like a stream

(02:31):
of dumb consciousness from this guy from time to time.
It really is. I hate to break it to you.
Oh and by the way, that tariff revenue that they've
been bragging about, well that's going out the door to farmers.
Farmers all across the country have well, they've lost markets
due to Trump's tariffs, and now tariff revenue is going

(02:54):
to be used to bail out farmers who cannot sell
their crop. You realize that China, China's only sixty percent
self reliant when it comes to food. Yeah, sixty percent,
that's it. They rely, well, used to rely heavily on

(03:17):
the United States until this whole tariff stuff went down,
and then guess what they started buying elsewhere. It could
be maybe strategy wise, you know, would have been better
to make them more reliant on the United States again.
You know, it's kind of again, that's a smart move,
if you ask me. But yeah, yeah, yeah, so tariff

(03:39):
revenue is being used then, and then found out that, oh,
by the way, condensed milk for whatever reason. According to
Howard Lutnik, Trump's little ventriloquist dummy sits on his lap
somehow that falls underneath the steel tariffs. Asked me why,
but I I guess it us and the stupidity keeps

(04:03):
on rolling. Watchdog on Wall Street dot Com