BEIJING: China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump’s escalation of US tariffs on imported Chinese goods, targeting one of the most high-profile American exports.
Industry analysts said the financial impact was likely to be minimal, however, because Hollywood’s box office returns in China have declined significantly in recent years.
After three decades during which China imported 10 Hollywood movies per year, Beijing’s National Film Administration said Trump’s tariff actions would further sour domestic demand for US cinema 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.
Hollywood studios once looked to China, the world’s second-largest film market, to help boost box office performance of movies. But domestic movies increasingly have outperformed Hollywood’s fare in China, with “Ne Zha 2” this year eclipsing Pixar’s “Inside Out 2” to become the highest-grossing animated film of all time.
Chris Fenton, author of “Feeding the Dragon: Inside the Trillion Dollar Dilemma Facing Hollywood, the NBA, and American Business,” said limiting US-made films was a “super high-profile way to make a statement of retaliation with almost zero downside for China.”
Hollywood films account for only 5 percent of overall box office receipts in China’s market. And Hollywood studios receive only 25 percent of ticket sales in China, compared with double that in other markets, Fenton said.
“Such a high-profile punishment of Hollywood is an all-win motion of strength by Beijing that will surely be noticed by Washington,” Fenton added.
Trump did not jump to Hollywood’s defense. “I think I’ve heard of worse things,” the president said when asked about China’s restrictions.
Many Hollywood celebrities supported Trump’s Democratic opponent in last year’s election.
One entertainment industry source predicted that big Hollywood blockbusters, which continue to attract moviegoers in China, may still reach the big screen. Walt Disney’s Marvel superhero movie “Thunderbolts,” which kicks off the summer blockbuster season, recently received permission to debut in China on April 30.
It was not clear if China would approve the entry of other major releases this summer, such as Paramount’s “Mission Impossible — The Final Reckoning,” which may mark Tom Cruise’s last appearance in the long-running franchise, Warner Bros’ new “Superman” movie from “Guardians of the Galaxy” filmmaker James Gunn, and Marvel’s new take on “The Fantastic Four.

Limited impact
IMAX said it expects the slate for its large-format screens, which includes Hollywood, Chinese and international films, would not be materially impacted by the restrictions.
“We continue to expect a strong year for IMAX in China, coming off our highest-grossing first quarter ever in the country,” an IMAX spokesperson said in a statement to Reuters.
Seth Shafer, principal analyst at S&P Global Market Intelligence Kagan, predicted the restrictions would have limited impact.
“Only roughly 25 percent of domestic wide-release films are now released in China and that percentage has dropped steadily over time due to increasing competition from China’s local film production industry,” Shafer said. “For domestic films that do get a release in China, typically less than 10 percent of the film’s global gross box office revenue comes from China.”
“Captain America: Brave New World,” a Marvel film released in February, took in $14.4 million in China out of its $413 million in global receipts.
In the past, imports including “Titanic” and “Avatar” became box office smashes in the Chinese market, making actors such as Leonardo DiCaprio and directors such as James Cameron household names among Chinese film lovers across generations.
Since 2020, Chinese-made films have consistently accounted for around 80 percent of annual box office revenue, up from around 60 percent previously.
On China’s all-time box office list, only one imported film ranks in the top 20 — “Avengers: Endgame,” with revenue of 4.25 billion yuan ($579.83 million). The remaining films in the top 20 are all domestic productions.

WASHINGTON: Documents related to the 1968 assassinations of civil rights icon Martin Luther King Jr. and Sen. Robert F. Kennedy will soon be made public as more than 100 people have been working “around the clock” to scan them, US Director of National Intelligence Tulsi Gabbard said during a Cabinet meeting Thursday.
The documents had been in boxes in storage for decades, Gabbard said.
“I’ve had over 100 people working around the clock to scan the paper around Sen. Robert F Kennedy’s assassination, as well as Martin Luther King Jr.’s assassination ... They have never been scanned or seen before,” she said. “We’ll have those ready to release here within the next few days.”
When Kennedy’s son, Health Secretary Robert F. Kennedy Jr., who also was at the meeting, was asked by President Donald Trump about the impending release of the documents, he said, “I’m very grateful to you Mr. President.”
Trump asked Gabbard if the health secretary had any concerns about releasing the documents.
“His response is, ‘Put it out. The world needs to know the truth,’” Gabbard said.
Searches were also being done of storage lockers at the FBI, CIA and other agencies to see if other documents can be found, Gabbard said.
“We want to get it all out,” Trump said.
The Office of the Director of National Intelligence did not immediately respond to questions seeking information about the effort to identify records about the MLK or RFK assassinations.
Trump had signed an executive order in January after taking office calling for the release of governmental documents related to the assassinations.
King and Robert F. Kennedy were assassinated within two months of each other in 1968.
King was outside a motel in Memphis, Tennessee, on April 4, 1968, when shots rang out. The civil rights leader, who had been in town to support striking sanitation workers, was set to lead marches and other nonviolent protests there.
James Earl Ray pleaded guilty to assassinating King. He later though renounced that plea and maintained his innocence up until his death.
Robert F. Kennedy, then a New York senator, was fatally shot on June 5, 1968, at the Ambassador Hotel in Los Angeles moments after giving his victory speech for winning California’s Democratic presidential primary. His assassin, Sirhan Sirhan, was convicted of first-degree murder and is serving life in prison.
Earlier this week Gabbard announced the creation of a task force that will consider whether the government should declassify material about several other issues of public interest, including the origins of COVID-19, federal efforts to influence online speech and investigations into mysterious health symptoms reported by some US diplomats and government employees that were once dubbed ” Havana syndrome.” Gabbard’s office did not specify how the task force would be appointed or when it expects to submit its recommendations.