Trump does not seem concerned about services. He should be.
International Tourists Pull Back on U.S. Travel and Purchases
NBC News reports International Tourists Pull Back on U.S. Travel and Purchases
The combination of President Donald Trump’s trade policies and hostile rhetoric toward much of the rest of the world is creating a chill in international travel to the U.S. That shift might have a significant economic impact, with one Wall Street firm projecting U.S. revenue could collapse by as much as $90 billion this year when combined with reduced travel and U.S. product boycotts.
Traveler data from U.S. Customs and Border Protection shows visitors coming across the northern border down 12.5% in February year over year, and off 18% for March.
Visitors from Western Europe, another traditional allied region, have also pulled back, according to the National Travel and Tourism Office, a division of the U.S. Commerce Department. Some vacationers from the most historically reliable countries of origin, like the United Kingdom and Germany, have chosen not to visit the U.S. Travel from those countries declined by as much as 29% in March.
“Multiple data sources are pointing at a slowdown — and there are lots of anecdotes that point to an even more severe slowdown,” said Jan Freitag, senior vice president of lodging insights for STR Global and national director, hospitality analytics for CoStar Group.
In a recent note to clients, analysts with Goldman Sachs said that under a worst-case scenario, the U.S. stands to lose as much as $90 billion in revenue this year from the combined impact of reduced visits and canceled purchases of U.S. goods.
“Foreign boycotts of U.S. products will likely impose a modest drag on U.S. GDP growth in 2025, mostly driven by a pullback in foreign tourism,” the analysts said in a note dated March 31, before Trump’s sweeping tariff rollout on April 2, much of which the president rolled back days later.
“Although small, this headwind provides another reason—in addition to the more direct negative impacts of tariffs and drag on exports from foreign retaliation that are already built into our US GDP forecast—why US GDP growth will likely underperform consensus expectations in 2025.”
Canadian Border Slowdown
Trump Clown World
The Trump Clown World thinks trolling Canada with becoming the 51st US state is cute.
US tourism offices don’t and nor does anyone with an ounce of common sense.
Trump ruined the best trade relationship in the world, one that was very beneficial to both countries.
Think Before Coming, then Don’t
Services Surplus
The US has a goods trade deficit with most of the world.
The US also has a smaller but significant services surplus with the world.
For February, the services balance was 24.33 billion, the goods balance was -146.99 billion and the net was -122.66 billion.
As a result of the decline in tourism, the US surplus in services will take a hit. Thank Trump.
Idiotic X Meme
The ongoing idiotic meme on X is “I voted for this”. It happens every time there is some trivial win by the much overhyped DOGE.
Even blatant incompetence by Secretary of Defense Hegseth is cheered as some sort of victory.
There is nothing but silence on stories like this.
Related Posts
March 11, 2025: Canada First – Trump Unites Canada and Mexico Against the US
It wasn’t easy, but Trump united Canada and Mexico against the US.
February 2, 2025: Trump Claims “We Have All the Oil We Need” True or False?
By volume, we are reasonably close. But by grades of oil US refiners need, we aren’t. Here are the details.
April 1, 2025: Excluding Oil, the US Has a Trade Surplus with Canada Every Year Since 2008
Let’s do a fact check on Trump’s Canada claims.
March 9, 2025: Cheese Was a “Key Achievement” of Trump’s USMCA Trade Agreement
Trump is complaining about Canada’s cheese tariffs. In 2018, he was bragging about cheese.
Please read the above post to see how blatantly stupid Trump’s attacks on Canada have become.
Meanwhile, please enjoy all this “winning”.
By the way, my attacks on Trump have all ben on policy or how he carries out policy. I did not vote for either Trump or Harris because I don’t like either of them. I wrote in Mish.
Also, I don’t prefer Harris or Biden over Trump.
Instead, I am a free market Libertarian, with exceptions for cases of genuine national security (autos, aluminum, and steel do not qualify).
I am a fiscal conservative. Trump isn’t. If you think Trump orb DOGE is going to reduce the deficit, you are brainwashed.