China slashes US film imports over tariffs, says open to fair dialogue

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China slashes US film imports over tariffs, says open to fair dialogue - Business Standard

Quick Summary:

As US President Donald Trump hiked tariffs against China to 125 per cent while pausing levies on most countries, Beijing in retaliation has reduced the import of US films and called on Washington to return to fair dialogue without threats.

The state-run China Film Administration said, The US government's erroneous practice of imposing excessive tariffs on China is likely to further diminish the Chinese audience's favourable perception of American films.

We will adhere to market principles, respect audience choices and moderately reduce the import volume of American films, it said.