China has moved to “moderately reduce” the release of Hollywood films in the Chinese market in the latest front of the growing United States- China trade war.

 

China's National Film Administration clearly tied their decision on Thursday to US tariffs on Chinese exports, which US President Donald Trump hiked to a sky-high 145%, Reuters reported.

 

The decision was certainly not surprising to analysts, who had projected that China would target Hollywood as a retaliation to rising US tariffs. 

 

As stated by Reuters, China accepts ten films from Hollywood each year, and the Chinese market was long regarded as a significant source of cash for the US film industry.

 

President Trump, who has already been criticised by numerous Hollywood celebrities for his actions, told reporters on Thursday that he was unconcerned by China's intention to attack the film industry.