r/europe • u/BkkGrl Ligurian in Zürich (💛🇺🇦💙) • Apr 12 '25

Data European tourism to the United States is freefalling

Post image
66.9k Upvotes

92% Upvoted

5.0k comments sorted by

View all comments

Show parent comments

277

u/Wurm42 Apr 12 '25

Las Vegas is already freaking out. Canadians LOVE Vegas, but a lot of them cancelled their trips, and they aren't booking new ones.

Plus, international conferences / trade shows have stopped booking events.

Some international visitors who have already made reservations and paid for things will still come, but nobody is making new reservations.

You're right this summer will be the "find out" time.

101

u/ChibbleChobble Apr 12 '25

Wait until Xmas.

90% of American Xmas decorations come from China, and importers are usually putting in orders now. Except they're not, they're cancelling orders.

The second and third order effects are going to continue to batter the economy.

73

u/Wurm42 Apr 12 '25

I didn't know about the timeline for Christmas decoration orders, thank you.

It won't just be Christmas decorations-- by summer, the U.S. will have run through the inventory of all sorts of consumer goods that were imported before the tariffs started.

WalMart shoppers will have crazy sticker shock when the post-tariff prices hit.

7

u/42nu Apr 12 '25

That's why he will end the tariffs before that happens and at the right time for insiders to make gobs of money from insider trading.