“The Forum appeared bullish on wage growth in December because of easing inflation, but economists have said that Trump’s policies might lead to increased inflation”
Today, the state’s Economic Forum announced that Nevada will see a $191 million decline in revenue, due in large part to Trump’s reckless tariff policies. Economists also noted that because of rising costs under the Trump administration, consumers are pulling back on spending. This is apparently the desired outcome of Trump’s policies that Joe Lombardo has hoped for, having told reporters that Nevadans need to “feel a little pain” from Trump’s tariffs.
As Trump’s reckless tariffs pummel the economy and raise costs for working families and businesses, reports reveal that since Trump started his trade wars, international travel has declined by hundreds of thousands of foreign visitors each month compared to last year. In March, travel to Las Vegas was down 7.8% and hotel occupancy was down 2.4%, when compared to this time last year. Gaming revenue has also taken a hit, down almost 14% in February.
This comes after a recent report released by the Bureau of Labor Statistics (BLS) found that under Lombardo, Nevada’s unemployment rate has remained the highest in the nation for 10 consecutive months and had one of the lowest job growth rates in the nation.
Nevada State Democratic Party spokesperson Tai Sims:
“In an economy that is already struggling under Joe Lombardo, Donald Trump’s reckless tariffs and Elon Musk’s erratic DOGE cuts are devastating working families’ budgets, harming businesses, and forcing the state to contend with sharp declines in revenue projections. With Lombardo’s encouragement, Trump’s reckless tariffs and economic policies are going to force painful budget decisions on the state all the while costing Nevadans jobs and leading to higher costs and less money in people’s pockets.”
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