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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 12, 2025

    Featured image for article about Headlines

    CANNES, France (Reuters) -Cannes Film Festival director Thierry Fremaux wants more details before discussing President Donald Trump's proposed tariffs on films made outside the United States, he said on Monday.

    Fremaux, speaking to journalists one day before the festival is due to start, was asked what he might say to Trump about a threatened 100% tariff.

    "It's quite difficult to answer this question, which is based on the announcement by the American president, who we're getting used to over the last three months saying something and then contradicting himself etc. So I don't know what to say."

    Fremaux is not the only one, with many studio executives alarmed and baffled following Trump's statement earlier this month. Few details have been issued about how such a levy would work.

    However, Trump's reasoning - that the U.S. film industry is dying a "very fast death" due to incentives that other countries are offering to lure filmmakers - could be a starting point, he said.

    "The idea that American cinema would be penalised by foreign countries, I think it's a topic that's worth discussing," he said.

    The 78th Cannes Film Festival is due to kick off on Tuesday evening with Amelie Bonnin's comedy "Leave One Day" as the opening feature - the first time the festival has been opened by a first-time filmmaker, according to Fremaux.

    (Reporting by Miranda Murray, Rollo Ross and Noemie Olive, Editing by Rosalba O'Brien)

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