Share this:

International tourism to the United States is declining sharply as President Trump’s tariff policies and antagonistic rhetoric toward allies contribute to a broader pullback from global travelers. A recent Goldman Sachs analysis estimates the U.S. economy could lose up to $90 billion in 2025 due to reduced tourism and foreign product boycotts.

Canadian tourism has seen the steepest drop, with U.S. Customs and Border Protection reporting a 12.5% year-over-year decline in February and an 18% drop in March. Travel from Western Europe also fell by 12% in March, with countries like the United Kingdom and Germany experiencing individual declines as high as 29%.

Trump’s tariffs—10% on EU goods and up to 25% on imports from Mexico and Canada—have exacerbated tensions. Goldman Sachs warned that the resulting reduction in foreign visits and spending will act as a drag on U.S. GDP growth, even beyond the direct effects of trade retaliation.

Tourism experts note the damage to America’s reputation may be long-lasting. “It will take time for people to re-warm toward the U.S.,” said Adam Sacks of Tourism Economics. While some U.S. destinations like Miami and Niagara Falls have yet to see sharp declines, local officials expect a delayed impact in coming months.

“This is a snowball effect,” said John Percy, president of Destination Niagara USA, who warned that reduced foreign spending could strain local tax revenues vital for services like police and fire departments.

Source:


Discover more from News Facts Network

Subscribe to get the latest posts sent to your email.

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x