In much of the debate today regarding the reinstatement of parts of the travel ban from six majority Muslim countries is effect that it will have on individuals families, friends, and plans. Included in the frustration is the social questions regarding the legality of the ban, and the issues it might have with respect to the religious discrimination. Nevertheless, many people have not questioned the financial effects of the revised ban that will last until October when the Supreme Court will hear the arguments of the lower court decisions.
U.S. analysts claim that the effects of the travel ban would impact the tourism industry greatly, causing a $18 billion in damages over the next two years. The U.S. tourism industry is a $250 billion a year industry, which demonstrates the overall impact the ban. As Henry Harteveldt, the president of the Atmosphere Research Group, said, "The U.S. has put an unwelcome mat at our front door."
The U.S. tourism industry expects about 4.3 million fewer international travelers this year because of the ban, cumulating in a revenue loss of $7.4 billion, according to the Tourism Economics of Wayne, Pa. It has been expected to increase to 6.3 million visitors and $10.8 billion lost in 2018.
This, however, only discusses the impact of tourism. Nevertheless, this also is discouraging to international students and talent for our booming tech and renewable energy industries. Nearly 600 colleges and universities wrote Feb. 3 to Homeland Security Secretary John Kelly, saying that the ban discourages students from pursuing education in the United States. These students are a major source of revenue for Universities and the surrounding areas, where on average, $32 billion is spent per one million international students. In addition, the impact could dramatically affect the ability of companies to attract talent and business in the United States. A group of 97 Silicon Valley companies, which included Apple, Microsoft, Google, and Facebook, argued in a lawsuit of the Trump travel ban that it would make it more difficult to do business in the United States.
OUR VERDICT: The travel ban won't just affect the families hoping to come to the United States, but also American business interests and education. In a slightly hypocritical manner, where many hoped Trump would run the country as a business, such a ban greatly affects the business of the country. For this reason, the affect of the ban instated now could have considerable effects on the state of the economy.