California Gov. Gavin Newsom reached out to the Trump administration on Monday with hopes that the two can pair up and create a $7.5 billion federal film tax credit to help out the movie business.

It's not just hard goods like cars and smartphones. Tariffs could become a factor in the costs of making and watching movies.

Donald Trump said the American movie industry was dying a "very fast death" due to the incentives that other countries were offering to lure filmmakers.