Travel And Product Boycotts To Cost US $90B This Year

The Daily Beast reports:

Trump’s policies could cost the U.S. economy $90 billion this year in lost tourism and export revenue, according to analysts at Goldman Sachs. Many foreign visitors are avoiding the U.S. over concerns about increased hostility at the border, including reports about European tourists being detained for weeks in U.S. immigration centers.

Others are angry about Trump’s trade wars and his treatment of U.S. allies—particularly Canada—and are boycotting U.S. travel and products.

Canadian flight reservations for the summer tourist season are down an incredible 70 percent after Trump has repeatedly threatened to annex the country and make it the 51st American state.

Read the full article.

The US economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products https://t.co/FXHmaBn5kY

— Bloomberg (@business) April 15, 2025