International travelers’ reactions to U.S. tariffs may result in up to $18 billion in lost revenue for hospitality businesses, with potential for even greater losses if U.S. travelers decide to cancel domestic travel plans due to rising prices. This significant impact highlights the potential economic consequences of tariffs on the tourism industry, emphasizing the importance of finding solutions to mitigate financial losses and maintain traveler confidence.
Full Article
US stocks on track for worst quarter in three years as tariff worries swirl
Wall Street stocks are facing their worst quarter in nearly three years due to fears of Trump's tariffs causing stagflation. The S&P 500 has declined 5% in the first quarter of 2025, with concerns about economic growth and inflation rising. Trump's upcoming tariff announcement has led to market uncertainty, impacting technology stocks, commodities, and global markets, prompting investors to seek safer assets like gold and US Treasury yields. Full Article
Read more