There are big issues with foreign cinema. We still have a lot of structural advantages in the US to producing films. Production has shifted to other countries because of significant tax incentives. These tax incentives are a way that other countries are frankly not playing fair.
The bottom line for me is that we shouldn't simply accept that films should all be filmed in Canada, Australia, the UK, or elsewhere. Hollywood has been the epicenter of creative jobs in this country for a century, and we should try to preserve it.