U.S. Economy Suffers Billions in Losses as Foreign Tourism Plummets

The U.S. economy is facing a significant financial hit this year due to declining foreign tourism and boycotts of American products. Goldman Sachs predicts losses exceeding $90 million by 2025, representing 0.3% of gross domestic product, as travel restrictions and trade tensions deter tourists. Data from the International Trade Administration reveals a sharp decline in non-citizen arrivals by air – with a staggering 10% drop compared to the previous year in March. This follows a resurgence of international travel after pandemic restrictions eased. Experts suggest that political tensions and global economic uncertainty have fueled this trend, leading travelers to reconsider trips to the U.S.