Following an investigation into how Trump’s high tariffs have weakened relations and impacted tourism from Canada, China is the next country to be observed in order to better understand the wider implications of such levies. With tariffs against Chinese imports drastically increasing to eighty-four percent and a retaliation of thirty-four percent taxes on American goods, global tourism has fallen victim to political and economic tensions between two great superpowers: China and the US.
How have China-US tensions impacted travel?
What does this mean for the future?
With uncertainty on how this trade war will continue onward and how exactly these tariffs will settle, the coming months will likely see rising costs across the global tourism sector – from airfares to hotel rooms, and everything in-between. This will impact both tourists and businesses alike with reduced accessibility to travel and trade. Amidst a new unstable economic environment, visitors will shoulder the burden of high operational costs, while businesses are forced to rethink their strategies to maintain profitability and customer demand.
With Trump continuing to issue threats of further tariff increases – including a proposed levy that soars to one-hundred-and-four percent – and China on the defensive, the lasting impact of this trade war and the following international tensions remain unknown. Uncertainty is at a high, though it is clear that today’s market changes will have volatile long-term consequences, affecting varying forms of goods and services across the world. Global tourism is no exception to this, and is in for a turbulent journey, set to witness rising prices, disrupted routes, and growing financial instability.
What are your thoughts on Trump’s trade war, and how do you think this will continue to impact the travel sector? Let us know in the comments below.
