Reported 1 day ago
Goldman Sachs estimates that foreign boycotts driven by U.S. protectionist policies could reduce the U.S. GDP by $28 to $83 billion in 2025, affecting consumer goods, especially American alcohol in Canada. The report highlights a significant drop in tourist visits and a 70% decrease in passenger bookings on Canada-U.S. routes, raising concerns over broader economic impacts and prompting Wall Street firms to lower growth forecasts for the U.S. economy.
Source: YAHOO