The U.S. has a $51 billion travel deficit: It might get worse

Kelsey Barberio brings you the biggest news of the day, including fewer Canadians are choosing the U.S. ad a travel destination.

Transcript

00:00As tensions increase between the U.S. and Canada over tariffs, Canadians are starting to boycott

00:04coming to the states. That trend is troublesome given the United States already has a 51 billion

00:10dollar travel deficit. That means Americans are spending far more abroad than foreigners do when

00:14they visit here. According to a report from Jeffrey's, 72 million people visited the U.S.

00:19last year. 28 percent were from Canada, more than any other country in the world.

00:24But the Trump administration's new trade policies are having an adverse effect on U.S. travel and

00:28tourism. When asked to respond to the declining travel rate, a White House spokesperson said

00:33Canadians will no longer have to endure the inconveniences of international travel when

00:37Canada becomes our 51st state. The U.S. travel and tourism industry brings in more than 1 trillion

00:43dollars in direct spending each year. That'll do it for your daily briefing. From New York City,

00:47I'm Kelsey Barberio with The Street.