Big Take President Trump’s 12 Billion Dollar Tourism Wipeout
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Jun 20, 2025 K. Oanh Ha, a Bloomberg reporter and host of Big Take Asia, dives into the dire impacts of Trump's policies on U.S. tourism. She discusses how tariffs and travel bans have drastically reduced international visitors, costing the economy a staggering $12.5 billion this year. The conversation also explores California's efforts to attract Canadian tourists amid declining visits and highlights the rising popularity of Asia as a travel destination. Together, these insights paint a complex picture of tourism's turbulent future.
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U.S. Tourism Faces Major Decline
- U.S. international tourism is down sharply, forecasted to cost the economy $12.5 billion in 2025.
- This decline reverses prior growth trends seen since 2021 post-pandemic recovery.
Unique Downturn in U.S. Tourism Spending
- The U.S. is the only economy among 184 tracked where tourism spending is expected to fall in 2025.
- Tariff wars and travel bans under President Trump's second term discourage international visitors.
Border Policies Deter Tourists
- New travel bans and harsh border enforcement under the Trump administration deter and frighten international travelers.
- Several countries issued travel advisories warning citizens about risks of detention and device searches in the U.S.