logo
Key group of US visitors tanking under Trump

Key group of US visitors tanking under Trump

Yahoo23-05-2025

It's not only tourists who are avoiding travel to the United States. Business travel to the U.S. from Europe is also down under President Donald Trump, as international opinion of the country tanks and foreign companies take their business elsewhere.
Business travel bookings from Europe overall fell by more than 25% in April compared to a year ago, according to data published by Politico from HotelHub, a London-based hotel booking company.
'There's been a lot of uncertainty around the traditional partnership with the U.S. since the new administration took office and even more so since the tariff announcements,' Paul Raymond, HotelHub's chief commercial officer, told the news outlet.
The tariffs, he said, 'seem to have created an appetite for businesses to look at alternative markets to offer greater stability.'
According to the HotelHub data, international bookings for business travel overall to the U.S. fell roughly 19% in April, a steeper drop than the 15.6% fall among bookings from U.S. companies.
The downturn was especially pronounced among some U.S. allies. Business hotel bookings were down 30% from Germany, 22% from France and 14% from the United Kingdom.
Bookings even fell from Canada and Mexico, America's closest trading partners after China. Bookings from Mexican companies fell almost 19%, while Canadian business bookings dropped by 18%, the data showed.
Meanwhile, European bookings to Norway jumped more than 23% from last year, alongside roughly 19% increases in bookings to Turkey and Australia, a 10% increase in bookings to Japan and a 7% increase in bookings to India.
The changes were not due to a dramatic drop in European business travel. The overall number of bookings originating in Europe — to destinations in the U.S. and abroad — fell only 1.6% in the first four months of this year compared with 2024, HotelHub's data showed.
Travel to the U.S. is in 'steep decline,' Oxford Economics, a global economic advisory firm, warned last month.
'Policies and pronouncements from the Trump administration have contributed to a growing wave of negative sentiment toward the U.S. among potential international travelers,' the firm said. 'Heightened border security measures and visible immigration enforcement actions are amplifying concerns. These factors, combined with a strong U.S. dollar, are creating additional barriers for those considering travel to the U.S.'
Cities and states are also lowering their projections for incoming tourists. Meet Boston, the city's tourism organization, had hoped for a 9% increase in international visitors compared to last year. It recently revised its projections to a 10% drop in foreign tourists, including a 20%-25% dip in Canadian visitors.
'Deeply scary': Legal experts reel over Trump's 'brazen act' against Harvard
Travel alert: State Dept. issues terrorism warning at European destination
Rock icon's cover band fired from gig at Northeast bar over Trump insults
Trump administration policies creating 'chilling effect' on smaller colleges
'I'm a patriot': Pentagon secrets leaker Jack Teixeira defends actions in interview
Read the original article on MassLive.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cost of President Trump's tariffs hits home, as several consumer goods and services surge to record highs
Cost of President Trump's tariffs hits home, as several consumer goods and services surge to record highs

Yahoo

time35 minutes ago

  • Yahoo

Cost of President Trump's tariffs hits home, as several consumer goods and services surge to record highs

President Donald Trump's trade war is affecting Americans from the grocery store to electric bills, with the cost of bananas, ground beef and electricity surging to all-time highs, according to the latest data from the Consumer Price Index. Major U.S. retailers have announced price hikes as a result of tariffs, and the cost of a handful of everyday goods and services has increased by 5% to 10% since Trump took office. But not all consumer products are trending up. Since December, the average nationwide cost of bread, milk and tomatoes has dropped, and the price of chicken and oranges has stayed much the same with the change of administrations. The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges, tomatoes, chicken, ground beef, gasoline, electricity and natural gas — and how they are changing, or not, during Trump's second term. This tracker is updated monthly using CPI data from the U.S. Bureau of Labor Statistics. Egg prices dropped for a second straight month in May, falling 57 cents from March's record high. According to the latest data, the average cost of a dozen large Grade A eggs is $4.55 nationwide — tumbling below the $5 mark for the first time since January. The decline in egg prices is likely due to a decrease in bird flu cases in commercial and backyard flocks since the start of the year. In the first two months of 2025, 12.6 to 23.2 million birds were affected by highly pathogenic avian influenza in the United States, according to the U.S. Department of Agriculture. In March, that number was 2.1 million, and as of April, the virus was detected in only 1 million U.S. birds. Though still significantly lower than the number reported in January and February, cases surged again in May, with 5.2 million birds affected — the vast majority concentrated in three commercial flocks in Arizona. This uptick in cases could indicate another small jump in prices during the summer months. Currently, the cost of eggs is about 9.6% higher than before Trump took office. It's not just poultry flocks and wild birds that have been affected by bird flu. According to the Centers for Disease Control and Prevention, the virus has been reported in dairy cows since March 2024, and just last month, there were 24 new confirmed cases at dairy farms in Idaho, Texas and Arizona. But while avian flu cases are ticking up again in poultry, they're declining in cattle, with the number of newly infected dairy cows just half of that reported in April. As a result, the cost of milk is down month-over-month, but a look at the year-over-year change is a bit different: Prices are up more than 4%. As of May, a gallon of fresh, fortified whole milk would set you back about $4.02. As of May, white bread cost $1.88 per pound. That price is slightly lower than it was when Trump started his second term and about 10 cents less than it was 12 months ago. Shoppers can expect to pay more for their next bunch of bananas. The staple fruit cost a record-breaking $0.66 per pound in May. The price jumped 2 cents compared with April — the single-biggest month-over-month increase going back to January 2021. This sudden spike is likely due to Trump's trade war, with tariffs levied against the country's top banana importers like Guatemala, Ecuador, Costa Rica, Honduras and Mexico. Orange prices are up 5% from the previous month. This change, however, likely has little to do with the current administration. Like many citrus fruits, the cost of oranges is heavily tied to the harvesting season. As we exit orange season, supplies will decrease, coinciding with an increase in demand, thus triggering higher prices. This is standard for the fruit market, with oranges cheapest in the winter months, then increasing in cost throughout the late spring and summer and eventually peaking in September or October each year. Currently, the average price per pound for navel oranges is $1.56 nationwide. Though perhaps not the first thing you think of when you hear the term 'staple food,' tomatoes are an essential ingredient in all kinds of dishes, from pasta and pizza, to soups, salads and BLT sandwiches. In May, the average price of field-grown tomatoes was approximately $1.71 per pound. That cost is about 8 cents lower than it was in April and down roughly 17% since Trump took power. This decrease, however, is largely due to the growing season. Like oranges, tomato prices vary depending on the time of year, rising in the fall, peaking in the early winter months and then plummeting in the spring. Still, prices are down a little more than 8% from this time last year. Chicken is another consumer product that's seen a price spike as a result of bird flu — though not nearly as drastically as eggs. One reason? Significantly more egg-laying hens have been culled than chickens raised for meat. The national average crested above $2 per pound for fresh, whole chicken for the first time last year and hit a record high of $2.08 in November. Since then, the average price has been roughly the same. According to May CPI figures, chicken is $2.06 per pound. Ground beef prices continue to trend up, up and up. For the fourth-consecutive month, the cost of beef hit an all-time high, with the average price of 100% ground beef chuck now $6.02 per pound. The rising cost can be attributed to a number of factors. In addition to several ground beef recalls reported in recent months, the U.S. cattle inventory is at a 25-year low, and severe drought in parts of the country has further reduced the feed supply, according to the U.S. Department of Agriculture. More recently, in trade talks with the U.S., the United Kingdom agreed to buy more American beef, a deal that the president says will lead to greater exports. But as China and the European Union's tariffs on beef and other U.S. farm exports remain, this may not be the last time we see record prices this year. Perhaps 2025 is the year to give vegetarianism a try? In May, the average price of electricity nationwide was 18 cents per kilowatt-hour. That average has held more or less the same since this time last year, with the typical month-over-month changes registering at less than a fraction of a cent. Even so, the current cost of electricity is the highest on record — going back more than 45 years. The price at the pump fell slightly month-over-month — dropping 2 cents from April to May. At $3.31 per gallon of regular unleaded, gasoline costs about 5% more than it did during the last month of the administration of President Joe Biden. Year-over-year, however, prices have declined by roughly 12%. In Chicago, gas is about 11 cents higher than the nationwide average, sitting at $3.42 per gallon, according to the U.S. Energy Information Administration. The cost of piped utility gas, or natural gas, saw no change month-over-month, averaging at $1.63 per therm. The price is holding at a two-year high and is up nearly 7% under the Trump administration.

Tesla hit with shocking sales news in major market: 'Nowhere near the level we are used to'
Tesla hit with shocking sales news in major market: 'Nowhere near the level we are used to'

Yahoo

time36 minutes ago

  • Yahoo

Tesla hit with shocking sales news in major market: 'Nowhere near the level we are used to'

In Norway, where 97% of new car sales are electric vehicles, Tesla has lost its title as the bestselling EV brand. As The Driven reported, Volkswagen now sells over twice as many EVs in Norway as Tesla. Tesla sales have declined not only in the United States but also in Europe. Analysts attribute this trend, at least partly, to Tesla CEO Elon Musk's polarizing involvement in politics and with the Trump administration's Department of Government Efficiency, potentially making the ownership of a Tesla feel like a political statement to some drivers. Meanwhile, Volkswagen took over 20% of the market share of new car sales in April, compared with just 8.6% for Tesla. Three of the five bestselling cars in Norway are Volkswagens: the ID.4, ID.7, and ID.3. Although Tesla sales in Norway are down, the Tesla Model Y still topped the chart as the bestselling car model in April. According to Øyvind Solberg Thorsen, the director of Norway's Road Traffic Information Council, "Tesla is nowhere near the level we are used to, you can't pretend otherwise," per The Drive. "It may be a sign that many people now find that other brands are just as interesting and have just as much to offer in roughly the same price segment," he added. While this news from Norway may be discouraging for Tesla, it's positive news for EVs in general. The overall number of electric cars on Norwegian roads is increasing, and tax law changes have made EVs even more enticing and accessible for drivers over the years, according to El País. However, regardless of where you live, when you make your next car an EV, you can also save money on gas and maintenance while eliminating exhaust pollution. EVs are a cleaner, greener way to drive, and they are more affordable than ever before. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. You can make EV ownership even more cost-effective by charging your vehicle with solar power you generate at home. Powering your EV with solar energy is cheaper than paying for public charging stations and more self-sufficient than relying on the overstrained grid. EV drivers can save as much as around $10,000 on solar panel installations by comparing trusted installer quotes through a free online tool from EnergySage, which primarily operates in the U.S. If the upfront cost of solar installation is out of your budget, leasing panels may be an option. Palmetto's LightReach solar panel leasing program helps EV drivers get a solar setup for no money down while locking in low energy rates. Regarding Norway's EV momentum, one adviser and investor in Norway commented in a LinkedIn post, "As Norway continues to lead by example, the collaboration between policymakers, industry stakeholders, and #CPOs like Recharge remains crucial in paving the way for a greener future. Other countries have a lot to learn here!" "I'm looking forward to seeing how the new and fairly affordable smaller BEV models get on in Norway," a CleanTechnica writer commented. "I'm also interested to see whether tax policy regarding the residual powertrains will turn to tackling diesel and HEV sales." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.

Automated cargo corridor project aims to modernize US-Mexico trade
Automated cargo corridor project aims to modernize US-Mexico trade

Yahoo

time36 minutes ago

  • Yahoo

Automated cargo corridor project aims to modernize US-Mexico trade

Mitch Carlson, CEO of Green Corridors LLC, intends to create a cargo thoroughfare stretching from Laredo, Texas, to Monterrey, Mexico, where freight shuttles are guided not by human hands but by a state-of-the-art autonomous system. 'Picture a conveyor belt, an independent track,' Carlson told FreightWaves in an interview. 'The idea is you have 10 trailers in Monterrey and the trailers get picked up and loaded on 10 shuttles. That platoon of 10 shuttles leaves immediately and starts heading north. Meanwhile, another 10 shuttles are loaded in Laredo, leave and head south.' Carlson's project received a boost on Monday after the Trump administration granted a presidential permit to build an elevated and automated bridge connecting Laredo, Texas, to Nuevo Leon, Mexico. The Green Corridors International Bridge in Laredo will be part of a corridor system stretching about 140 miles south to new bridge will be built near the Laredo-Colombia Solidarity International Bridge and could transport thousands of loads a day. 'We are building it to have a max capacity of 10,000 in each direction per day,' Carlson said. The project, which aims to be operational by 2030, could cost in the range of $6 billion to $10 billion, Carlson said. The Green Corridors project arrives at a time when trade between the U.S. and Mexico continues to was the top U.S. trade partner for the second consecutive year in 2024, totaling a record-breaking $840 billion. For the first four months of 2025, Mexico has remained the largest trading partner of the U.S., with two-way commerce totaling $285 billion, according to Census Bureau data. The port of entry in Laredo is the largest inland port in the country, handling $339 billion in two-way trade in 2024, according to WorldCity. More than over 18,000 commercial trucks cross Laredo's World Trade and Colombia-Solidarity bridges daily in both directions. In addition to the bridge and cargo corridor, the Green Corridors project will also create new inland cargo ports in Laredo and Monterrey, which will handle loading and unloading the freight vehicles. Carlson said the autonomous shuttles will be powered by diesel engines, which will help cut emissions and air pollution in the region by reducing the number of trucks sitting idle at bridges waiting to cross the border. 'I've spoken to a lot of people in the trucking industry, who see this … as increased quality of life for their drivers, increased security and a reduction in [freight] cost for their clients,' Carlson said. 'We can move this freight between Monterrey and Laredo for significantly less cost and less emissions.' Carlson said the next step for the project is to work with officials on both sides of the border to secure the construction and right-of-way permits needed.'We are acquiring the concession agreement for the right-of-way for Highway 1 in the state of Nuevo Leon,' Carlson said. 'We're working with the Mexican federal and state government very closely.' The Green Corridors project is one of several cross-border trade initiatives that are planned in South Texas, including the 4/5 Bridge in Laredo and the Puerto Verde Global Trade Bridge in Eagle Pass. The $83 million expansion of the Anzalduas International Bridge in McAllen, Texas, is scheduled to be completed this year. The expansion project will add two additional lanes to the Anzalduas bridge, one each for northbound and southbound commercial trucks to go in and out of Mexico, as well as the necessary facilities for an international port. In December, Canadian Pacific Kansas City (NYSE: CP) railroad also opened the $100 million Patrick J. Ottensmeyer International Railway Bridge. The bridge is the second rail bridge spanning across the Rio Grande River — linking Laredo with Nuevo Laredo, Mexico — doubling CPKC's cross-border capacity. The post Automated cargo corridor project aims to modernize US-Mexico trade appeared first on FreightWaves.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store