The U.S.-initiated trade war, instigated by the imposition of tariffs, poses significant risks to the tourism industry. In 2024, the U.S. attracted 72.3 million tourists and ranked first in tourism revenue, generating $194 billion. However, backlash against the U.S. due to tariffs, particularly from Canada and Mexico, could deter tourism, as both countries are major sources of visitors. Data shows that Canadian crossings decreased by 24% post-tariff discussions, indicating potential broader implications for tourism and trade amid ongoing tensions.
The ongoing trade war initiated by Trump, marked by tariffs on major trading partners, could ultimately lead to a drop in tourism, a vital sector for the U.S.
Although there isn't a direct link, the backlash from the trade war and retaliatory tariffs may inspire potential tourism boycotts against the U.S.
In February, after tariffs were suggested for Canadian exports, car crossings from Canada dropped by 24%, affecting both tourism and air travel significantly.
The overlaps between tariffs and top tourist-generating countries suggest that both tourism and trade could face severe downturns, given Canada and Mexico's key roles.
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