Travel and Leisure Travel and Leisure
Fri, May 23, 2025
[ Yesterday Afternoon ] - fox17online
Entertainment News: May 23, 2025
[ Yesterday Morning ] - Fortune
CD rates today, May 23, 2025

U.S. may lose 230,000 jobs if foreign tourists stay away


Published on 2025-05-23 14:46:31 - Fortune
  Print publication without navigation

  • For every dollar no longer spent by visitors to the U.S., an additional $1.19 is lost throughout the economy.

The article from Fortune, published on May 23, 2025, discusses the potential economic impact of proposed tariffs by former President Donald Trump on foreign tourists visiting the United States. According to a study by the U.S. Travel Association, these tariffs could lead to a loss of $23 billion in GDP and 230,000 jobs. The proposed tariffs would impose a fee on foreign visitors, which could deter tourism and affect industries such as hospitality, retail, and transportation. The article highlights concerns from business leaders and economists about the negative repercussions on the U.S. economy, especially as it recovers from the effects of the global health crisis.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/23/us-could-lose-23-billion-gdp-230000-jobs-foreign-tourists-trump-tariffs/ ]