Sun-soaked Venice Beach in California, a hotspot for global travelers, is feeling the chill of rising U.S. tariffs and geopolitical tensions. Experts warn that international tourism to the U.S. is dwindling amid higher travel costs and strained cross-border relationships – and the ripple effects could reshape local economies.
The Trump-era tariffs, still impacting trade today, have created a “perfect storm” for hospitality businesses. Airlines, hotels, and souvenir shops report fewer visitors, with some experts estimating billions in lost revenue. “Tourism isn’t just selfies and souvenirs – it’s jobs,” says Maya Lin, an economist at USC. “When tariffs make travel pricier, everyone from taxi drivers to cafes loses.”
Data from the Global Travel Association shows a 15% drop in overseas visitors since 2020, with Asian and European travelers most affected. Some blame rising visa fees; others point to diplomatic friction. 🛑 “It’s a double whammy,” notes venture capitalist Raj Patel. “Travelers are choosing Southeast Asia or Europe where their dollars stretch further.”
Could this spark a shift in America’s tourism strategy? Stay tuned as cities like L.A. and NYC ramp up campaigns to attract domestic travelers. 🌆✨
Reference(s):
cgtn.com