President Trump’s 12 Billion Dollar Tourism Wipeout
Global tariff wars, multi-country travel bans, detentions and phone-seizures at the border. President Trump’s “America first” policies create a grim picture for one group in particular: international tourists. Foreign visitors to the US have been on the rise since the pandemic, with analysts previously expecting 2025 to be a bumper year for tourism. That is, until President Trump’s second term began. This drop in tourism is forecasted to cost the American economy $12.5 billion this year. On Today’s episode of the Big Take, host David Gura sits down with Bloomberg reporter and Big Take Asia host K. Oanh Ha to look at the state of the tourism industry in the US, and where in the world tourists are going instead. Read more: Trump’s $12 Billion Tourism Wipeout The US Is on Track to Lose $12 Billion in Travel Revenue in 2025 See omnystudio.com/listener for privacy information.
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14:10
Doing the Math on Trump’s Tax Bill
As the debate about President Trump’s tax bill — known as the “One Big Beautiful Bill” — plays out among lawmakers in Washington, there’s been increasingly heated criticism of the non-partisan Congressional Budget Office. It calculates the costs and savings from the bill — including from the White House. On today’s episode of the Big Take, host Saleha Mohsin sits down with CBO director Phillip Swagel to hear how his agency churns out economic forecasts from inside the center of a political storm. Further listening: Stephen Miran Explains Why There’s No Secret Dollar PactSee omnystudio.com/listener for privacy information.
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How China Is Building a Powerful Army of Hackers
Teams from China used to dominate international hacking competitions, until Beijing ordered them to stop attending and take part only in domestic tournaments. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Jamie Tarabay about how tournaments are helping boost China’s cyber-espionage capabilities and what that means for the world. Read more: Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions - BloombergSee omnystudio.com/listener for privacy information.
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Why Trump Ditched the G-7 Summit
President Trump was in Canada this week for the Group of Seven summit. But after dinner on Monday night, Trump left early, citing the conflict in the Middle East. On today’s Big Take podcast, host David Gura speaks with Bloomberg’s Nick Wadhams in Calgary to unpack what Trump’s move could mean for Ukraine, the Middle East, trade — and for G-7 summits going forward.See omnystudio.com/listener for privacy information.
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Where Does the Israel-Iran Conflict Go From Here?
Conflict between Iran and Israel has been simmering for decades — but escalated rapidly in the last few days after Israel bombed key nuclear facilities in Iran. As world leaders convene for the G-7 in Canada this week — many are concerned about the prospect of continued fighting and a broader regional conflict. Today on the Big Take podcast, Golnar Motevalli, who covers Iran for Bloomberg, joins host Sarah Holder to discuss the on-the-ground reality in both countries, the choices facing their heads of state and what other world leaders might do to encourage a deescalation.See omnystudio.com/listener for privacy information.
The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.
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