Study from World Travel & Tourism Council looked at the economic impact of tourism in 184 countries

Donald Trump’s policies risks alienating millions of international travelers and could cost the U.S. economy billions of dollars due to a sharp drop in tourism, a damning report says.

Amid the president’s immigration crackdown, travel bans and sweeping global tariffs, the U.S. is expected to be the only one out of 184 countries to see foreign visitor spending fall in 2025, according to the World Travel and Tourism Council.

The study suggests that the U.S. economy is on track to lose $12.5 billion in international spending this year alone – but the actual shortfall might be much greater.