Things To Do In SW Florida

By DEE-ANN DURBIN, AP Business Writer

Olja Ivanic looked forward to welcoming some cousins from Sweden to her Denver home in June. Ivanic and the four travelers were planning to go hiking in Colorado and then visit Los Angeles and San Francisco.

But then President Donald Trump berated Ukrainian President Volodymyr Zelenskyy in a February meeting at the White House. Ivanic’s four relatives immediately canceled their scheduled trip and decided to vacation in Europe instead.

“The way (Trump) treated a democratic president that’s in a war was beyond comprehensible to them,” said Ivanic, who is the U.S. CEO of Austria-based health startup Longevity Labs.

The U.S. tourism industry expected 2025 to be another good year in terms of foreign travelers. The number of international visitors to the United States jumped in 2024, and some forecasts predicted arrivals from abroad this year would reach pre-COVID levels.

But three months into the year, international arrivals are plummeting. Angered by Trumps’ tariffs and rhetoric, and alarmed by reports of tourists being arrested at the border, some citizens of other countries are staying away from the U.S. and choosing to travel elsewhere. read more

By ELAINE KURTENBACH, Associated Press Business Writer

BANGKOK (AP) — U.S. President Donald Trump and China sparred over tariff hikes and other retaliatory moves on Tuesday, as governments elsewhere were brainstorming strategies to cope with the trade war between the global economic giants.

China said it will “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports in retaliation for Beijing’s backlash against the 34% tariffs he ordered on his April 2 “Liberation Day.”

“The U.S. threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this,” the Commerce Ministry said in a statement read on state-run broadcaster CCTV.

When asked about the possibility of talks between Washington and Beijing, Chinese Foreign Ministry spokesperson Lin Jian said “I think what the US has done doesn’t reflect a willingness for sincere dialogue. If the US really wants to engage in dialogue, it should adopt an attitude of equality, mutual respect and mutual benefit.” read more

By WILL WEISSERT

WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs.

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President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened. The U.S. economy plunged deeper into a devastating financial crisis that it would not pull out of until World War II. read more

Spirit Airlines CEO Ted Christie, who led the pioneering discount carrier as it navigated a Chapter 11 bankruptcy restructuring, multiple takeover bids and efforts to make the airline more customer friendly, has stepped down from his post after 13 years with the company, officials announced Monday.

According to a regulatory filing and statement, the airline will be run at least for now by committee. Its board of directors established an Office of the President to be occupied by three incumbent executives: John Bendoraitis, executive vice president and chief operating officer; Fred Cromer, executive vice president and chief financial officer; and Thomas C. Canfield, senior vice president, general counsel and secretary.

“On behalf of the Board and the Spirit team, I thank Ted for his tireless efforts over the course of his 13 years at the Company,” Spirit Chairman Robert Milton said in a statement. “He has seen a lot and done a lot during his tenure here, including navigating the Company through the COVID crisis and multiple strategic junctures, as well as most recently, a corporate restructuring. Ted has kept the company together through challenging times, and for this we wish him all the best going forward.” read more

By Brian Baker, CFA, Bankrate.com

Stocks sold off in early April as investors grappled with how tariffs would impact inflation and the outlook for economic growth. Some investors even grew concerned about a possible recession. Some of the biggest tech companies saw their shares tumble 20% or more, with Tesla falling around 50% from its recent high. The Federal Reserve faces the challenge of whether to cut interest rates at the risk of keeping inflation above its target, or keeping rates elevated at the risk of seeing economic growth slow.

Related Articles

US expected a big travel year, but overseas visitors — angered by Trump — are heading elsewhere

As China and the US spar, countries brainstorm over how to cope with the trade war

Trump says high tariffs may have prevented the Great Depression. History says different

Spirit and CEO Ted Christie part company, leaving committee in charge of airline

S&P 500 rises 1% after paring a much bigger, early gain as uncertainty about Trump’s tariffs reigns read more