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Trump's $12 Billion Tourism Wipeout

Trump's $12 Billion Tourism Wipeout

Bloomberga day ago

US President Donald Trump 's ' America First ' policies have cut into travel worldwide. The simmering trade war, the crackdown at the border and the rollback of LGBTQ rights—capped by a ban on visitors from a dozen countries announced on June 4—have led to tens of thousands of canceled trips. With travelers choosing alternate destinations, the American economy will lose out on $12.5 billion this year, according to the World Travel & Tourism Council—which will widen the trade deficit, because economists count spending by visitors to the country as an export. Here's a look at the toll the president's policies have taken on travel, in nine charts.

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Vance says Musk making a 'huge mistake' in going after Trump but also tries to downplay the attacks
Vance says Musk making a 'huge mistake' in going after Trump but also tries to downplay the attacks

Associated Press

time27 minutes ago

  • Associated Press

Vance says Musk making a 'huge mistake' in going after Trump but also tries to downplay the attacks

BRIDGEWATER, N.J. (AP) — Vice President JD Vance said Elon Musk was making a 'huge mistake' going after President Donald Trump in a storm of bitter and inflammatory social media posts after a falling out between the two men. But the vice president, in an interview released Friday after the very public blow up between the world's richest man and arguably the world's most powerful, also tried to downplay Musk's blistering attacks as an 'emotional guy' who got frustrated. 'I hope that eventually Elon comes back into the fold. Maybe that's not possible now because he's gone so nuclear,' Vance said. Vance's comments come as other Republicans in recent days have urged the two men, who months ago were close allies spending significant time together, to mend fences. Musk's torrent of social media posts attacking Trump came as the president portrayed him as disgruntled and 'CRAZY' and threatened to cut the government contracts held by his businesses. Musk, who runs electric vehicle maker Tesla, internet company Starlink and rocket company SpaceX, lambasted Trump's centerpiece tax cuts and spending bill but also suggested Trump should be impeached and claimed without evidence that the government was concealing information about the president's association with infamous pedophile Jeffrey Epstein. 'Look, it happens to everybody,' Vance said in the interview. 'I've flown off the handle way worse than Elon Musk did in the last 24 hours.' Vance made the comments in an interview with ' manosphere' comedian Theo Von, who last month joked about snorting drugs off a mixed-race baby and the sexuality of men in the U.S. Navy when he opened for Trump at a military base in Qatar. The vice president told Von that as Musk for days was calling on social media for Congress to kill Trump's 'Big Beautiful Bill,' the president was 'getting a little frustrated, feeling like some of the criticisms were unfair coming from Elon, but I think has been very restrained because the president doesn't think that he needs to be in a blood feud with Elon Musk.' 'I actually think if Elon chilled out a little bit, everything would be fine,' he added. Musk appeared by Saturday morning to have deleted his posts about Epstein. The interview was taped Thursday as Musk's posts were unfurling on X, the social media network the billionaire owns. During the interview, Von showed the vice president Musk's claim that Trump's administration hasn't released all the records related to sex abuser Jeffrey Epstein because Trump is mentioned in them. Vance responded to that, saying, 'Absolutely not. Donald Trump didn't do anything wrong with Jeffrey Epstein.' 'This stuff is just not helpful,' Vance said in response to another post shared by Musk calling for Trump to be impeached and replaced with Vance. 'It's totally insane. The president is doing a good job.' Vance called Musk an 'incredible entrepreneur,' and said that Musk's Department of Government Efficiency, which sought to cut government spending and laid off or pushed out thousands of workers, was 'really good.' The vice president also defended the bill that has drawn Musk's ire, and said its central goal was not to cut spending but to extend the 2017 tax cuts approved in Trump's first term. The bill would slash spending but also leave some 10.9 million more people without health insurance and spike deficits by $2.4 trillion over the decade, according to the nonpartisan Congressional Budget Office. Musk has warned that the bill will increase the federal deficit and called it a 'disgusting abomination.' 'It's a good bill,' Vance said. 'It's not a perfect bill.' He also said it was ridiculous for some House Republicans who voted for the bill but later found parts objectional to claim they hadn't had time to read it. Vance said the text had been available for weeks and said, 'the idea that people haven't had an opportunity to actually read it is ridiculous.' Elsewhere in the interview, Vance laughed as Von cracked jokes about famed abolitionist Frederick Douglass' sexuality. 'We're gonna talk to the Smithsonian about putting up an exhibit on that,' Vance joked. 'And Theo Von, you can be the narrator for this new understanding of the history of Frederick Douglass.' The podcaster also asked the vice president if he 'got high' on election night to celebrate Trump's victory. Vance laughed and joked that he wouldn't admit it if he did. 'I did not get high,' he then said. 'I did have a fair amount to drink that night.' The interview was taped in Nashville at a restaurant owned by musician Kid Rock, a Trump ally.

8 Smart Ways to Save on Your Summer Business Travel (and Have Fun, Too!)
8 Smart Ways to Save on Your Summer Business Travel (and Have Fun, Too!)

Entrepreneur

time32 minutes ago

  • Entrepreneur

8 Smart Ways to Save on Your Summer Business Travel (and Have Fun, Too!)

Discover savvy strategies for an efficient, enjoyable summer travel experience, whether for business or pleasure. Opinions expressed by Entrepreneur contributors are their own. Business travel during summer doesn't have to mean stretching your budget to the breaking point. Over the years, I've learned that with a bit of strategy, you can cut costs and add a touch of enjoyment to those work-related getaways. Whether you're sealing deals or prepping presentations, these tips will help you save smart while enjoying a little extra along the way. Here are eight practical ways to make the most of your summer business travel. 1. Score big on hotels with members-only platforms Hotel costs tend to eat up a large part of any travel budget, especially during summer. That's why I created Tonia in Vegas. You can save hundreds on top hotel bookings without compromising on comfort or location. From luxury stays in Las Vegas (and anywhere else in the world) to budget-friendly accommodations near business hubs, members-only discount clubs offer the best of both worlds. Plus, they throw in perks like discounts on dining, entertainment and even experiences to make your business trips more enjoyable. Related: 8 Easy Ways to Save Money on Your Next Business Trip 2. Book flights early (and stay flexible) Flight prices often soar in summer, so early booking is a must. Aim to secure tickets at least 6-8 weeks in advance for the best prices. Being flexible with your travel dates can also save you big bucks. Did you know that Tuesdays and Wednesdays are usually the cheapest days to fly? Midweek flights are often less crowded, too. If you're not picky about departure times, consider red-eye or early morning flights, which tend to be cheaper. And even if you're tempted by business class, economy seating can save you a pretty penny. 3. Make the most of credit card rewards Your business expenses should be earning you something in return. Travel-focused credit cards come with perks like free travel insurance, airport lounge access and points on your purchases. Rack up these points while you book your flights, hotel stays or meals and you might find yourself redeeming a free flight or hotel sooner than you think. If your company is footing the bill, make sure you're still using your rewards card for those bookings. Just remember to review your usage policy or reimbursement procedures to stay compliant. 4. Pack light to avoid fees Nothing stings like a surprise baggage fee at the airport check-in counter. Avoid extra costs by sticking to just a carry-on for your trip. Choose versatile clothing that works for both professional and casual settings, like a light blazer that can transition from client meetings to dinner outings. If you're headed somewhere sunny, pack lighter fabrics and neutral basics you can mix and match. Don't forget to check the airline's baggage policy beforehand to avoid unexpected fees. Pro tip: Rolling your clothes instead of folding saves space in your suitcase. Packing organizers can also help keep everything compact and accessible. Related: Ease Your Summer Business Travel in 5 Steps 5. Combine work and play Traveling for work doesn't mean it has to feel monotonous. Blend work with leisure to make your trips more enjoyable. For instance, if you're heading to Las Vegas, use discount platforms to snag discounts on theme parks, live shows and fine dining. Scheduling a personal day at the end of your business trip can help you relax, recharge, and experience the destination more fully. Example: Traveling to a city with cultural sites? Visit museums, local attractions or nature parks during your downtime to get the most out of your trip. Not only will these experiences make your trip feel more balanced, but they'll also boost your energy when it's time to get back to work. 6. Skip pricey restaurants Dining out is often one of the sneakiest ways to drain your travel budget. Avoid high-end restaurants for every meal by finding affordable local gems instead. Try to uncover hidden spots offering great food at reasonable prices. If your hotel includes a kitchenette or even just a mini-fridge, consider grabbing groceries or pre-made meals to save even more. Breakfast, in particular, can be simplified with store-bought yogurt, granola bars, or fresh fruit. Budget bonus: Some hotels offer free breakfast, coffee or evening snacks. Take full advantage of these perks! 7. Choose hotels close to attractions Location matters. Staying near conference venues or your other main destinations can help you save on transportation costs like rental cars or rideshares. Look for accommodations within walking distance of key attractions, restaurants or meeting sites. Not only will this help your budget, but it can also reduce overall travel stress. No one enjoys being stuck in traffic trying to make it to a critical client pitch. If you have extra time, don't forget to have some fun and check out some local attractions. Pro tip: Many central hotels offer special business traveler rates or shuttle services to airports or conference centers. 8. Stay connected with Wi-Fi and free tools Roaming and data costs add up quickly when traveling, especially internationally. Avoid costly cellular bills by making use of free Wi-Fi spots in cafes, hotels and co-working spaces. If your business regularly requires calling or video conferencing, use free tools like Zoom, Slack or WhatsApp to stay connected. Pro tip: Invest in a portable Wi-Fi hotspot if you often find yourself needing reliable connectivity on the go. Related: I Sold My House to Work Remotely on a Cruise Ship for 3 Years — and I May Stay Aboard Even Longer. Here's What My Life Will Look Like. Final sip of advice Smart saving during summer business travel is all about planning and flexibility. From accessing exclusive hotel rates to using credit card perks and packing light, small changes to your travel routine can make a big difference to your budget. Buy blending work and play, staying mindful of expenses and keeping an eye on perks, you'll not only save money but also make the most of every trip. Safe summer travels and happy saving!

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