{"id":136478,"date":"2025-04-16T09:15:00","date_gmt":"2025-04-16T13:15:00","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=136478"},"modified":"2025-04-16T17:20:25","modified_gmt":"2025-04-16T21:20:25","slug":"bloomberg-us-economy-to-lose-billions-as-foreign-tourists-stay-away","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=136478","title":{"rendered":"(Bloomberg) US Economy to Lose Billions as Foreign Tourists Stay Away"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">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, adding to a growing list of headwinds keeping recession risk elevated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Arrivals of non-citizens to the US by plane dropped almost 10% in March from a year earlier, according to data published Monday by the International Trade Administration. Goldman Sachs Group Inc. estimates in a worst-case scenario, the hit this year from reduced travel and boycotts could total 0.3% of gross domestic product, which would amount to almost $90 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Foreign tourism has been a tailwind for the US in recent years as the cessation of pandemic-era restrictions sparked a resurgence of international travel. But many potential visitors are now rethinking their vacation plans amid increased hostility at the border, rising geopolitical frictions and global economic uncertainty.<\/p>\n\n\n\n<p><p><a href=\"https:\/\/finance.yahoo.com\/news\/us-economy-set-lose-billions-100000258.html\">Read it all<\/a>.<\/p><\/p><blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">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 <a href=\"https:\/\/t.co\/FXHmaBn5kY\">https:\/\/t.co\/FXHmaBn5kY<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1912089814439985432?ref_src=twsrc%5Etfw\">April 15, 2025<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>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, adding to a growing list of headwinds keeping recession risk elevated. Arrivals of non-citizens to<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=136478\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,149,144,119,665],"tags":[],"class_list":["post-136478","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-economy","category-foreign-relations","category-globalization","category-president-donald-trump"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/136478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136478"}],"version-history":[{"count":4,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/136478\/revisions"}],"predecessor-version":[{"id":136482,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/136478\/revisions\/136482"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}