With Hollywood reeling from the potential cataclysmic effects of Donald Trump‘s calls for 100 percent tariffs on non-U.S. produced movies, California Gov. Gavin Newsom sprung into action on Monday evening, proposing a team up with the White House on a $7.5 billion federal film tax credit scheme to provide relief to the entertainment industry. Source: Newsom Signals He’s Willing to Work With Trump on $7.5B Federal Tax Credit for U.S. Entertainment Industry