Wes Anderson, De Niro Push Back Against Trump Tariffs in Cannes

The Hungarian film institute’s booth at the Cannes Film Festival has a glossy brochure promoting a studio complex on the outskirts of Budapest. Next to a mock medieval village, it has a cluster of wood-paneled houses described as an “American suburb.” The set has been used to shoot US productions like Universal’s 2022 horror comedy The Munsters at a fraction of what it would cost to make in Hollywood.

Hungary, like many other countries, has built up its film industry using tax breaks that have lured big-budget American productions. But that business model has been thrown into question after President Donald Trump announced plans this month to impose a “100% tariff” on films shot outside of the US. Netflix Inc. and Walt Disney Co. shares tumbled in fear of rising production costs, and executives called on the White House to increase federal incentives instead.