When you think of a United States product for foreign export, what comes to mind?
Do you think of steel? How about corn? Or do you think about automobiles? All of those qualify. But there’s another United States foreign export that’s bigger than all of them — travel and tourism.
Foreign travelers spend billions each year on travel to America, and a trade war with China or Mexico could easily impact that revenue.
Already, in-bound Chinese visitors have dropped nearly 8% in the last few months. That’s a huge number, and it can be a huge hit to local and state economies as well as jobs. Fasten your seat belts.
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