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Trump's Policies Impact U.S. Tourism and Economy

Business and Finance
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sparksAI summary
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  • Trump's policies impacting U.S. economic growth
  • Goldman Sachs predicts 0.2% to 0.3% GDP drag
  • Decline in sentiment affecting tourism and purchase intentions
  • Upcoming tariffs announcement adds to economic uncertainty
  • Mixed global views towards the U.S.
360 summary
  • It is uncertain which nations will be affected by tariffs, but it is likely that most countries trading goods with the U.S. will feel the impact.
  • Treasury Secretary Scott Bessent identified the "dirty 15" countries with persistent trade imbalances as the most vulnerable to tariffs.
  • The Trump administration is considering imposing a 20% tariff on almost all imports, aiming to use initial duties as a negotiation strategy with high rates.
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