Business
Trump renews threat to impose 100% tariffs on non-US made movies
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.
Business
Strategic sovereignty a guiding imperative in reshaping global economy, say CEOs – The Times of India
NEW DELHI: In a rapidly reshaping global economy, strategic sovereignty has emerged as a guiding imperative, as nations navigate global supply chains while safeguarding critical capabilities in an increasingly fragmented world, global business leaders said. During a panel discussion, KPMG India CEO Yezdi Nagporewalla, global leaders across new age economy, technology and defence, financial inclusion, and consumer sectors, discussed the challenges and opportunities of operating in a fragmented global economy.Highlighting the core of strategic sovereignty in a world of global supply chains, General Atomics Global Corporation CEO Vivek Lall, chief executive of, said, “It is about reducing vulnerability to geopolitical choke points, whether in energy, technology, manufacturing, logistics, or data. Strengthening domestic capabilities while building trusted international partnerships is critical, and it is equally important to develop resilience against any potential choke points. As the global community moves forward, the underlying theme is going to be human resource training and human resource knowledge, capabilities. This is often underemphasized, but at the root of strategic sovereignty is a strong focus on human resource development.”Talking about how strategic sovereignty is reshaping the flow of global capital, Kishore Moorjani CEO – Alternatives, Private Funds CapitaLand Investment said, “Perhaps there’s no better place to see that in action than in India. When the country began liberalising over 30 years ago, it was hungry for capital and attracted significant foreign institutional investment. While FII capital is important, it can be fickle. Today, the situation has reversed: capital is chasing India… We respect the sovereignty of the markets we operate in and align our investments accordingly. We come to build India, not just trade.”Discussing the role of financial institutions in building national resilience, Mary Ellen Iskenderian, president & CEO of Women’s World Banking, said, “True economic resilience depends on inclusive access to savings, credit, insurance, and digital payments. Financial inclusion strengthens households and communities, particularly in the face of climate shocks and economic volatility, reinforcing national stability from the ground up.”On the question of how consumer brands maintain core identity while navigating local cultures, regulations, and consumer expectations, Mike Jatania, CEO and chairman The Body Shop & co-founder of Aurea, said: “For brands operating across borders, maintaining identity while respecting national priorities is essential. If your brand has a clear purpose and core values, it can adapt locally without losing its identity. Purpose, transparency, and trust are economic currency.”
Business
Video: How ICE Is Pushing Tech Companies to Identify Protesters
new video loaded: How ICE Is Pushing Tech Companies to Identify Protesters
By Sheera Frenkel, Christina Thornell, Valentina Caval, Thomas Vollkommer, Jon Hazell and June Kim
February 14, 2026
Business
52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026
Indian Railways has reached a global milestone in freight operations, securing its position as a premier international logistics hub. Union Minister for Railways, Ashwini Vaishnaw, announced today that the national carrier has achieved an unprecedented scale in its logistics division. Highlighting this achievement, the Minister stated, “Indian Railways has become the second-largest cargo carrier in the world.”
Building on this momentum, the Ministry has prepared a rigorous roadmap for the upcoming year aimed at systemic transformation. The government plans to roll out a series of weekly initiatives to modernise every facet of rail travel and transport. Vaishnaw explained the structured timeline, saying, “For 2026, Railways has resolved to implement 52 reforms in 52 weeks.”
The initial phase of this plan will prioritise the passenger experience, with a focus on improving the quality of onboard facilities. The Minister identified the primary starting point for this year-long agenda, noting, “The first reform is better onboard services in Railways.”
In addition to passenger amenities, the government is placing strong emphasis on the “Gati Shakti” initiative to streamline the nationwide movement of goods. This strategic focus is designed to strengthen the country’s supply chain. Vaishnaw confirmed the freight sector’s priority, adding, “The second concerns ‘Gati Shakti Cargo.’”
A cornerstone of the 2026 agenda is a comprehensive overhaul of sanitation and hygiene standards. The Ministry has developed a new blueprint to ensure that the rail network’s cleanliness meets global benchmarks. Detailing the specifics of the first major initiative, the Minister remarked, “Reform number one for 2026 will ensure proper end-to-end cleaning of the Railways… The concept of a clean rail station has been established.”
This cleanliness drive is not a short-term measure but a multi-year commitment to cover the entire Indian Railways fleet. The implementation will be phased to ensure thoroughness and consistency. Vaishnaw clarified the timeline, stating, “Over three years, this reform will be implemented across all trains.”
To ensure the success of these reforms, the Ministry is introducing a robust accountability framework. These measures will include performance-based contracts and the integration of modern digital tools to monitor progress in real time. Emphasising the shift towards professional and technology-driven management, the Minister concluded, “There will be clearly defined service-level agreements… There will be extensive use of technology.”
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