With costs rising, tourists are more hesitant to spend in retail.
Photographer: Nicole Combeau/BloombergInflation & Prices
Tourists Tame Their Shopaholic Ways, If They Even Come to the US
Some travelers are staying away from vacation hotspots, while others are rethinking their budgets.
More than taking in views from the top of the Empire State Building, more than watching Old Faithful erupt and even more than shaking hands with Mickey Mouse, visitors to the US come to do one thing: Shop.
But now, President Donald Trump’s global trade war and border policies — combined with broader economic uncertainty — are threatening billions of tourism dollars. Bloomberg Intelligence estimates almost $20 billion in retail spending is at risk this year.