N@N

How will the new US tariffs impact the media and entertainment industry?

The new U.S. tariffs on Chinese imports, effective from June 15, 2024, are set to impact the media and entertainment industry significantly. These tariffs, which include a 25% duty on certain electronics like semiconductors and lithium-ion batteries, are expected to increase production costs for companies manufacturing products such as cameras, drones, and other equipment used in media production. Industry experts suggest that these increased costs could lead to higher prices for consumers, potentially slowing down the adoption of new technologies and affecting the overall growth of the sector. Companies are now exploring strategies such as diversifying supply chains and investing in domestic manufacturing to mitigate the impact of these tariffs.

Read the Full TVBEurope Article at:
[ https://www.tvbeurope.com/business/how-will-the-new-us-tariffs-impact-the-media-and-entertainment-industry ]