Resuming flights from Europe to the US will kick-start the US economy, says its trade minister

The United States will lift the ban on flights to and from Europe. This should be done by early November at the latest. All fully vaccinated Europeans will be able to enter American soil. An influx of tourists is expected, especially in New York.

According to US Secretary of Commerce Gina Raimondo, President Joe Biden’s decision on Thursday will have a positive impact on the US economy. Especially in tourism, where there should be a sharp recovery. At the end of this year, New York, which will also be the destination of trade trips, can look forward to the influx of tourists.

Raimond expects the United States to be the target of a huge number of fully vaccinated people. “I think it will really help our economy, there will be a revival of tourism and the catering and accommodation sector,” she said.

It is fully vaccinated foreigners who will be able to travel to the United States again from the beginning of November. The ban on flights from 33 countries, including members of the European Union, was introduced a year and a half ago by then-US President Donald Trump. Tourism has since suffered losses of around $500 billion. 

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Real Estate ETFs: A Practical Guide to REIT Exposure Through Funds

Real estate has long attracted investors looking for rental...

Musk reportedly invested a billion dollars in the Skydance media group

American billionaire Elon Musk has invested roughly one billion...

Meta increases profit and revenue, to issue new class of shares to finance AI investments

Meta Platforms - the American internet company increased its...

The US dollar is weakening, with doubts surrounding AI behind its decline

The US dollar is weakening today. According to Reuters,...

European stocks fall amid concerns over economic impact of protests in France

European stocks are falling after the opening of trading....

Robotics Stocks: A Framework for Finding Real Automation Exposure

Robotics is becoming an increasingly important investment theme as...
spot_img

spot_imgspot_img