Two Key Trump Factors Divert European Travelers Away From US: TUI
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
Tensions between the Trump administration and Europe and a stricter entry regime for the U.S. were given as the two primary factors causing a significant decline in travelers from the continent through TUI, Europe's largest tour operator.
This drop is illustrative of how negative perceptions of the Trump administration's actions and rhetoric can feed back as tangible consequences for the U.S., in this instance a negative effect on the country's tourism industry.
Sebastian Ebel, CEO of TUI Group, said in a media call on Wednesday, August 13, to coincide with the company's quarterly results, that its customers are now looking to Canada, Africa, and Asia instead of the U.S.
"The main reasons for it being the tensions we see, but also news about travel into the U.S. becoming more difficult," Ebel said in a subsequent comment sent to Newsweek.
He noted that U.S. travel is "relatively small for TUI, therefore this does not have a big impact on us," and that whenever there are tensions in one destination, its customers can easily choose another instead, as seen here.
The Trump administration has clashed with the European Union (EU) over trade, and a number of European states have issued updated travel advisories due to tighter entry requirements at the U.S. border.
President Donald Trump has accused the EU of fomenting an imbalanced and unfair trading relationship with the U.S. to its advantage and imposed tariffs. The U.S. and EU have since agreed on a new trade deal.
His administration is also tightening the border to stem the flow of illegal immigration, which Trump said was out of control.
This is a developing article. Updates to follow.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Trump Wants a Piece of Intel -- And Wall Street Is All Ears
The Trump administration could be gearing up for a bold move: a direct equity stake in Intel (NASDAQ:INTC). According to people familiar with the talks, the potential deal is aimed at reviving Intel's long-delayed factory project in Ohio, once promised to be the largest chipmaking hub in the world. Shares jumped 7.4% to $23.86 on the day of the news and gained as much as another 4% after hours, as the market reacted to the possibility of federal backing. The discussions come just days after President Donald Trump met with Intel's new CEO Lip-Bu Tan, whom he recently criticized for alleged ties to China. While the deal's details are still in fluxand could fall apartany move would signal Tan's job is likely safe for now. Warning! GuruFocus has detected 10 Warning Signs with INTC. This wouldn't be the first time the Trump administration takes a hands-on approach with corporate America. It recently took a 15% cut of certain semiconductor sales to China and secured a golden share in U.S. Steel to help clear a foreign acquisition. Even more surprising? The Pentagon just became the biggest shareholder in MP Materials (NYSE:MP) with a $400 million preferred equity deal. If Intel follows the same playbook, investors could see a blend of equity, guaranteed purchases, and government-led financingsomething the White House sees as a way to crowd in private capital while reassuring markets that the U.S. government has skin in the game. Intel's Ohio site was expected to benefit heavily from the 2022 CHIPS Act, but with funding momentum now uncertain, a direct government stake could change the equation. The factory buildout has already been pushed into the 2030s, and Tan has shifted focus toward stabilizing the company's finances. Earlier this year, one idea floated was to have TSMC (NYSE:TSM) operate Intel's factories under a joint venturebut that plan never advanced. What's unfolding now could become a new chapter in U.S. industrial policy: one where Washington doesn't just regulate or subsidizebut invests, owns, and influences. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
18 minutes ago
- Yahoo
Richmond's Fed Chief Barkin: Job Market Holding Steady
Richmond Fed President Tom Barkin isn't hitting the panic button on jobs just yet. Speaking Thursday, he said hiring and firing have both slowed, but the unemployment rate is still holding steady near historic lows. Any real cracks in the labor market, he suggested, are a ways out there. He's been hearing a cautiously upbeat tone from businesses in his district, with more clarity now around taxes, tariffs, and immigration rules. Maybe the fog is starting to lift, Barkin said, though he admitted it's not lifting much on the hiring side and only a little on investing. It will be interesting to see how these developments converge, on the back of the Trump/Powell spat. WIth investors hoping for a likely rate cut within the next few months, these broader market moves will be a critical gauge in getti nga feeler for things to come. This article first appeared on GuruFocus. Sign in to access your portfolio
Newsweek
20 minutes ago
- Newsweek
FIA Plans Major Shake-Up to Boost F1's Underdog Teams in 2026
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Formula One's governing body, the FIA, has been working to help underdog engine manufacturers in a big way from 2026, when the sport enters a new era of regulations. This will be possible through a new program called 'additional development opportunities for performance gaps,' which could prove highly beneficial for teams struggling to find performance. With the reset in chassis and engine regulations from 2026, the FIA has been taking significant steps to ensure no single manufacturer dominates the new era of regulations. Mercedes was one such recent engine supplier that dominated the hybrid era that began in 2014, winning eight Constructors' Championships until 2021. Speaking on the topic, FIA single-seater director Nikolas Tombazi told Auto Motor und Sport: "I don't think we'll ever see such a dominant engine manufacturer again as we did in 2014. Back then, the powertrain became much more complex than its predecessor. This time, we're doing the opposite. We're simplifying the technology. Drivers take the start to the Formula One Hungarian Grand Prix at the Hungaroring circuit in Mogyorod near Budapest, Hungary, on August 3, 2025. Drivers take the start to the Formula One Hungarian Grand Prix at the Hungaroring circuit in Mogyorod near Budapest, Hungary, on August 3, 2025. Attila KISBENEDEK / AFP/Getty Images "Originally, we wanted to go even further, but we couldn't get it done. The new powertrains are simpler. They no longer have MGU-H, and there are stricter limits in some areas. "On the other hand, we have newcomers among the manufacturers, and of course, there's always the risk that one of them will miss the mark with the first attempt. Despite budget constraints and limited test bench time." When put to him if struggling power unit suppliers would receive support to boost performance, he said: "Yes. We've introduced a program for this that we call 'additional development opportunities for performance gaps.' It was in the rules from the beginning. In recent months, we've refined how we want to manage it. "Essentially, we'll measure the average performance for each manufacturer every six races. For those below a certain level, there will be an upgrade option depending on how far behind." Tombazis explained that the trailing manufacturers can bounce back in three ways. He added: "This can be represented at three different levels: more money for development. More dyno hours. More time for specification homologation. So, those who are behind have a chance to catch up." He was asked if the new system was similar to the Balance of Performance in endurance racing. While he denied the similarity, he emphasized that the FIA was making "final adjustments" to ensure the same rules apply to all engine suppliers and teams while providing struggling teams a much-needed push to improve their competitiveness. The FIA head said: "That's not the case. The rules remain the same for everyone. No one gets more displacement or more fuel. If there were no budget cap, the lagging manufacturers would invest more money. When Honda entered in 2015 and was lagging behind, they had to invest a lot of money for a certain period of time to catch up. With a cost cap, there's a risk that you'll never be able to catch up. And no one wants to be humiliated forever. "That wouldn't be fair either. We're currently working on the final adjustments to this system. The engine manufacturers have been extremely cooperative." Given that the 2026 car will be entirely new, Tombazis revealed a system through which a manufacturer will be able to upgrade their components in case of reliability issues in the early stages. He explained: "There's also another initiative. If someone has major reliability issues at the beginning, they can also upgrade. It's pointless to leave someone out in the cold who has engine failure every weekend. "These engines are expensive. In extreme cases, someone would quickly reach the limits of the cost cap if they didn't simultaneously scale back development. This proposal still has to be approved. One idea is that once a certain number of engines are used, additional units will be exempt from the budget cap."
