Foreign tourists snub Trump’s America: $90 billion blows turn away from British, Canadians and Germans. Credits: Tama2u, Shutterstock
The stars and stripes may fly high, but at this point, a huge number of international travelers are flying elsewhere. The US could be writing a bill of a whopping $90 billion. Customs, tantrums, tears? Check out the latest information on this developing story.
The perfect storm of trade spats, sharp rhetoric and cold diplomatic shoulders from President Donald Trump has fueled the dramatic invasion of global tourism into the United States as tourists from longtime allies such as the UK, Canada and Germany have given America a wide anchorage.
Drop-off is more than just some empty hotel beds – the A major economic threat. According to analysts at Goldman Sachs, if things continue like this, the US could bleed from up to $90 billion in 2025 from international boycotts of American goods.
“Our estimates… a foreign boycott of US products suggest that it is likely to impose a modest resistance to US GDP growth in 2025, driven primarily by the pullback of foreign tourism,” Goldman Sachs warned his client in a note dated March 31.
Northern Chill: Canadian tourists pilot transparently
There is no more annoyed attitude towards America than in the Canadian border. Visitors from Canada, the closest neighbor in the US and previously the top tourist source, have dropped dramatically. US customs and border security data show a 12.5% decline in north traffic in February compared to last year, with an eye-catching 18% in March.
This comes after Trump imposed trade restrictions on Canada, I suggested a harsh comment It could be “51st state.” It’s safe to say that the maple syrup crowd didn’t take it kindly.
Europe is pulling US travel plug?
Crossing the Atlantic, the photo is just as dark. Western European countries, particularly Germany and the UK, have seen tourism to the US plummet. In March alone, travel from both countries fell by 29%. Overall, Western Europe visitors fell by 12%. This is where the record is outside the pandemic.
Trade wars, travel issues
The root of the problem? Experts say Trump’s tariff Tyrades.
European imports of automobiles, steel, aluminum and more are slapped at as many as 10% of their duties. While some second wave tariffs have been suspended, Canada and Mexico have been spared from the tough 25% fees, damages can already be incurred.
“The damage has happened,” said Adam Sachs, president of tourism economics, a division of Oxford economics. “It takes time for things to settle down and it takes time for people to reheat towards the US.”
Thaw slowly – or deep freeze?
It’s not clear whether the tourists are swarming up when Trump softens his tone or lifts tariffs. With global emotional cooling and national pride appearing on the central stage, you may find that the United States is left in the cold for the upcoming season.
Until then, the only thing that will rise faster than Trump’s tariffs could be economic losses, with a $90 billion cloud hanging in 2025.
Look forward to it more.
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