YouTube has agreed to pay $24.5m (£18.6m) to settle a lawsuit brought by Donald Trump, filed after the video platform suspended his account in the wake of the 6 January attack on US Capitol.

The settlement from the video streaming giant’s parent company Alphabet – which also owns Google – comes after social media sites X/Twitter and Facebook also agreed to pay Trump for suspending his accounts.

Trump had accused YouTube and other tech companies of political bias, claiming they had unfairly censored conservative voices after the Capitol riot in 2021.

At the time of his suspension, social media companies said that Trump risked inciting further violence in Washington DC.

As part of Monday’s settlement, YouTube will pay $22m to the Trust for the National Mall, a non-profit group that is aiming to raise $200m to build a new ballroom at the White House.

Another $2.5m will be paid to other organisations and individuals who joined Trump’s lawsuit, including the American Conservative Union.

YouTube is the latest major platform to settle with the president.

In January, Facebook’s parent company Meta agreed to a $25m settlement – with $22m earmarked for Trump’s presidential library.

A month later, social media platform X – a company that was purchased by Trump ally Elon Musk in 2022 – settled for a reported $10m.

All of Mr Trump’s social media accounts have since been reinstated.

The settlements come as Silicon Valley has generally taken a more conciliatory tone towards the president. The CEOs of Alphabet, Meta and X all sat in the front row for his inauguration, signalling a shift in relations between the Republican Party and the tech sector.

The social media giants have also taken measures to loosen content moderation on their platforms which Republicans had claimed amounted to a violation of free speech.

Last week, YouTube said it planned to restore several accounts that had been banned for repeatedly making false claims about Covid and the 2020 presidential election.

“YouTube values conservative voices on its platform and recognizes that these creators have extensive reach and play an important role in civic discourse,” the company wrote to a Republican-controlled congressional committee, explaining the decision.

Donald Trump has repeated his threat to impose a 100% tariff on all films not made in the US, claiming the American industry had been “stolen” by other countries.

He said on Monday that California had been heavily affected and the levy would “solve this long time, never ending problem”.

In May, the US president said he would talk to Hollywood executives about his plan and to begin the process of imposing the levy because America’s film industry was dying “a very fast death”.

Trump’s remarks come as he announced a new wave of tariffs last week, including a 100% levy on branded or patented drug imports as well as 50% levies on kitchen and bathroom cabinets.

Trump said on his Truth Social platform: “Our movie making business has been stolen from the United States of America, by other countries, just like stealing ‘candy from a baby.’

“California, with its weak and incompetent Governor, has been particularly hard hit!”

He said the 100% tariff would be imposed “on any and all movies that are made outside of the United States”.

Trump did not say when the tariff will come into force. The White House has been approached for a comment.

It was also unclear if the tariffs would apply to films on streaming services, such as Netflix, as well as those shown at cinemas, or how they would be calculated.

Dan Coatsworth, investment analyst at AJ Bell, questioned how such a tax would work given tariffs are typically imposed on goods and said many filmmakers were choosing to shoot films in other countries because of better incentives.

“The threat of 100% tariffs on movies made outside of the US raises more questions than it does answers,” he said.

“Filmmakers have been progressively lured by tax incentives that come from shooting movies in other parts of the world, and the Los Angeles film industry has lost its glitz and glamour.”

Mr Coatsworth said it would be difficult to define an American-made movie if a film were to be shot in the US but have foreign actors, directors, or funding.

“So it’s hard to understand just how Trump intends to impose the levy,” he said.

“Theoretically, being forced to produce movies in the US could push up their costs.

“Content makers would pass on this cost to the customer and that could hurt demand for streaming companies and cinema operators.”

He said investors did not “appear to see this as a serious threat” at present. Stocks for companies such as Netflix and Disney dipped briefly, then bounced back.

Several recent major films produced by US studios were shot outside of America, including Deadpool & Wolverine, Wicked and Gladiator II.

The US remains a major film production hub globally despite challenges, according to movie industry research firm ProdPro.

Its annual report showed the country saw $14.54bn (£10.94bn) of production spending last year. But that was down by 26% since 2022.

Countries that have attracted an increase in spending since 2022 include Australia, New Zealand, Canada and the UK.