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Trade War Impact



US expected to lose 1.9m inbound visitors and $11b in visitor spending from China due to trade war tensions in 2018-2020

  • 25% on $250 billion Existing US tariffs on Chinese imports
  • 20% Chinese arrivals to the US annual average growth from 2008-2017
  • -44% Visa issuance volume in 2018 compared to 2015


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