Global tariff wars, multi-country travel bans, detentions and phone-seizures at the border. President Trump’s “America first” policies create a grim picture for one group in particular: international tourists. 

Foreign visitors to the US have been on the rise since the pandemic, with analysts previously expecting 2025 to be a bumper year for tourism. That is, until President Trump’s second term began. This drop in tourism is forecasted to cost the American economy $12.5 billion this year.

On Today’s episode of the Big Take, host David Gura sits down with Bloomberg reporter and Big Take Asia host K. Oanh Ha to look at the state of the tourism industry in the US, and where in the world tourists are going instead.

Read more:
Trump’s $12 Billion Tourism Wipeout
The US Is on Track to Lose $12 Billion in Travel Revenue in 2025

Global tariff wars, multi-country travel bans, detentions and phone-seizures at the border. President Trump&rsquo;s &ldquo;America first&rdquo; policies create a grim picture for one group in particular: international tourists.&nbsp;
Foreign visitors to the US have been on the rise since the pandemic, with analysts previously expecting 2025 to be a bumper year for tourism. That is, until President Trump&rsquo;s second term began. This drop in tourism is forecasted to cost the American economy $12.5 billion this year.
On Today&rsquo;s episode of the Big Take, host David Gura sits down with Bloomberg reporter and Big Take Asia host K. Oanh Ha to look at the state of the tourism industry in the US, and where in the world tourists are going instead.
Read more:
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/graphics/2025-trump-toll-on-global-travel/">Trump&rsquo;s $12 Billion Tourism Wipeout</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2025-05-13/the-us-travel-economy-is-headed-for-a-12-billion-slump-this-year">The US Is on Track to Lose $12 Billion in Travel Revenue in 2025</a></li>
</ul>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

President Trump’s 12 Billion Dollar Tourism Wipeout

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8019eae4-8fe2-44c5-b728-b3020148d095/transcript

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