Australia, Popular in Hollywood, goes back to the 100% Trump Foreign Foreign Cinema threat

Australia still wants to make “great films” with the United States, said on Tuesday Foreign Minister Penny Wong, as new rates threaten the Hollywood hits house The matrix, Elvis and Crocodile Dundee.

United States President Donald Trump announced 100% of rates on Sunday for all films produced in “Foreign Lands”, saying that fighting the city of Tinsel would be better served by “films made in America”.

The so -called “Aussiewood” has been used for generous tax reductions and other cash incentives to attract foreign filmmakers, producing a series of hits for major Hollywood studies.

Although little is known about how the rates can work, Australia Wong’s highest diplomat has finally risked to prove a flop with filmmakers.

“Our message is that we make great movies together,” National Bastercaster ABC told National.

“We have movies, North -American movies, which are shot here in Australia. Collaboration is a good thing. So we don’t go on the way.”

“Cocodile Dundee”, a 1986 comedy on an Australian Bushman transplanted in New York City, helped put the film industry in Australia on the map of America.

Since then, some of Hollywood’s hottest directors have used Australia to film Marvel Blockbusters, Impossible mission box office quotas and winners like Elvis.

The rates could also have problems in the neighboring New Zealand, who famously lent his spectacular landscape to the beloved Lord of the rings Trilogy.

The head of the New Zealand Film Commission, Annie Murray, said that they were still trying to take off the operation of the rates.

“We are aware, however, this is an evolving situation and it is too early to speculate on what this could mean,” he told AFP.

The rates seem to guide a business model favored by North -Americans who obtain tax reductions in filming in countries such as Britain, Canada, Ireland and Australia.

A recent survey of study executives found that its first five favored production places were outside the United States.

Earlier this year, Trump named the veteran stars Sylvester Stallone, Mel Gibson and Jon Voight to return to Hollywood “larger, better and stronger than ever.”

This story originally presented to Fortune.com

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