From Yahoo Finance: 2025-04-01 16:00:00

Foreign citizens are boycotting US products and limiting tourism in response to Trump’s protectionist trade agenda. Goldman Sachs estimates the boycotts could impact US GDP by 0.1% to 0.3%, with potential losses of $28 billion to $83 billion.

Canada is a focal point of consumer boycotts, with 53% of consumers participating. Sales of American alcohol in Canada are expected to decline due to the removal of US products from provincial alcohol monopolies.

CEO of Brown-Forman expressed concern over Canada’s decision to remove American spirits from shelves, likening it to a sales loss worse than tariffs. Air Canada reports weak travel demand between US and Canada, with trans-border flight bookings down 10% compared to last year.

Chairman of Air Canada expresses concern over the decline in trans-border flight bookings between US and Canada, down 10% compared to last year. This decline is attributed to foreign citizens boycotting US products and limiting tourism in response to protectionist trade policies.

Read more: S&P 500, Nasdaq jump in volatile session ahead of Trump’s tariff reveal