Renewed Canada-U.S. Trade War Threatens Tourism Recovery
Cuba experienced a 62 percent drop in visitors from January to July compared to the same period in 2025 as the United States intensified pressure and maintained an energy embargo. Meanwhile, Thailand's labor market showed vulnerability with rising temporary business suspensions under Section 75, and domestic gold prices fell 500 baht following a global sell-off triggered by U.S. employment data. In other regional developments, Thai authorities designated 40 non-hunting areas to protect red-whiskered bulbuls, and the Department of Finance warned of a 10 billion peso revenue loss from proposed power tax exemptions.
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- ✓ Cuba recorded a 62 percent decline in visitors from January to July compared to the same period in 2025.
- ✓ Thai gold bars opened 500 baht lower at 69,150 baht per baht-weight on Saturday following stronger-than-expected U.S. employment data.
What changed
Official figures revealed a 62 percent decline in Cuban tourism arrivals from January to July compared to the prior year.
Live updates
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Cuba Tourism Plummets Amid Pressure; Thai Markets Face Economic Pressures
Cuba experienced a 62 percent drop in visitors from January to July compared to the same period in 2025 as the United States intensified pressure and maintained an energy embargo. Meanwhile, Thailand's labor market showed vulnerability with rising temporary business suspensions under Section 75, and domestic gold prices fell 500 baht following a global sell-off triggered by U.S. employment data. In other regional developments, Thai authorities designated 40 non-hunting areas to protect red-whiskered bulbuls, and the Department of Finance warned of a 10 billion peso revenue loss from proposed power tax exemptions.
Why it matters
Economic and political pressures continue to strain key international sectors, ranging from Caribbean tourism to Southeast Asian manufacturing and regulatory finance. The tourism decline in Cuba highlights the direct impact of foreign policy and energy restrictions on visitor volumes. Simultaneously, macroeconomic shifts in the United States directly influence commodity markets abroad, as seen in the recent drop in Thai gold valuations tied to American employment figures.
What is confirmed
- Cuba recorded a 62 percent decline in visitors from January to July compared to the same period in 2025.
- Thai gold bars opened 500 baht lower at 69,150 baht per baht-weight on Saturday following stronger-than-expected U.S. employment data.
Still unconfirmed
- Russian President Vladimir Putin claimed during the Eastern Economic Forum that a peace agreement to end the war in Ukraine is possible and that dialogue with representatives of the U.S. Administration is working.
What to watch next
- Further official tourism metrics from Cuba for the remainder of the year.
- Decisions by power regulators in the Philippines regarding the proposed removal of value-added tax on electricity system loss charges.
- Developments in Thai business suspensions under Section 75 of the Labour Protection Act.
confidence 100%Sources used for this update (10)
- jen.jiji.com — BOT warns rising Section 75 business suspensions put Thai workers at risk
- jen.jiji.com — DOF risks ₱10-billion revenue loss from proposed power tax exemption
- apnews.com — Cuba’s tourism plummets 62% after US pressure and energy embargo
- jen.jiji.com — Ukraine-Russia, Putin: "There is a possibility of a peace agreement but threats to civilian aircraft hinder peace"
- jen.jiji.com — Crested bulbuls now protected in 40 non-hunting areas
- jen.jiji.com — Thai gold falls 500 baht, bullion sells at 69,150 baht
- jen.jiji.com — Namphueng bids for Thailand’s second straight Miss World crown in tonight’s final
- jen.jiji.com — LISA's SaWaDiKa sets 2026 YouTube record and spotlights Thailand
- jen.jiji.com — Over 583,000 military, uniformed personnel to get 5% pay hike in 2027
- www.yahoo.com — US tourism groups want to win Canadian visitors back. A testy trade war isn't helping
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Trade Conflict Between Canada and U.S. Imperils Tourism Recovery
A renewed trade war between Canada and the United States is threatening the recovery of the tourism sector. While U.S. cities like New York are attempting to attract Canadian visitors back to their streets, some American destinations are offering discounts to Canadians to offset the impact of tariffs. The friction extends beyond trade as at least one other country has advised its citizens to avoid non-essential travel to the United States. This economic volatility creates uncertainty for travelers on both sides of the border.
Why it matters
Tourism serves as a major economic driver for both North American nations. Trade tariffs often lead to broader diplomatic tensions that can discourage cross-border movement. The current instability risks erasing gains made during the post-pandemic travel rebound.
Still unconfirmed
- New York is actively seeking the return of Canadian tourists.
- An unnamed country has warned its citizens against non-essential travel to the U.S.
- A trade war involving tariffs is impacting the travel relationship between Canada and the U.S.
What to watch next
- Official travel advisories from the Canadian or U.S. governments.
- Data on cross-border visitor volume changes.
- Formal announcements regarding new or lifted tariffs.
confidence 60%Sources used for this update (5)
- USA Today — Americans traveling to Canada may be wondering about one thing
- Forbes — U.S. Destinations Woo Canadians With Discounts Amid Trump’s Tariff War
- Financial Times — ‘New York loves Canada’: US cities want their Canadian tourists back
- Yahoo Finance — Another country tells citizens to avoid non-essential travel to the U.S.
- Yahoo — Renewed Canada-U.S. Trade War Threatens Tourism Recovery
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