Economics
Even Hollywood Knows a Happy Ending to China Talks Is No Guarantee
- Mnuchin says U.S. ready to walk away if no deal struck soon
- Tariffs, movie revenue-sharing among the outstanding issues
People watch a movie at a cinema in Qingdao, China.
Photographer: Wang Zhao/AFP via Getty Images
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For evidence of how tricky it will be to conclude sweeping trade talks between the U.S. and China, look to Hollywood. With a deal potentially days away, demands by American film studios remain the subject of intense haggling.
The U.S. film industry currently receives about 25 percent of the ticket sales for movies that play in China and the Trump administration is pushing Beijing to increase that number to roughly 40 percent, in line with other countries, according to people briefed on the talks.