U.S. President Trump says he'll hit foreign-made films with 100% tariff

U.S. President Donald Trump has announced a 100-percent tariff on all foreign-made films, claiming America's movie industry is "dying a very fast death."

In a social media post on Sunday, Trump accused other countries of luring filmmakers away with incentives in what he called a "concerted effort" to undermine the movie industry, labeling it a "national security threat."

Speaking to reporters the same day, Trump said the U.S. is in trade talks with many countries, including China.

While discussions with Chinese officials on a range of issues continue, he noted he has no plans to speak directly with Chinese President Xi Jinping this week.

Trump said that China was eager to make a deal, but stressed that it must be fair and that the outcome remains uncertain.