Trump suspends US-Europe travel. So what? “Just imagine as a businessman, you cannot visit the largest market in the world and the second-largest market in the world. How much worse can it get?” What abt teleconferencing? “The world cannot operate online.”https://nyti.ms/2TLgy1T
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Biggest worry: the airline industry already reeling from dozens of countries locking down their borders. Travel and tourism between the US and Europe is a business worth $130 billion
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But there is another, more important casualty: consumer confidence. The trade war b/w the US and China has destroyed global manufacturing. Consumers picked up the slack. Banning travel to Europe signals to households that they should stay home.
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The foundations of globalization are temporarily crumbling. This ban is just the latest. Read more here https://nyti.ms/2TLgy1T from me and @NirajC
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