...Among other things, SXSW is a big meeting place for start-up companies and venture capital investors. A lot of deals get made here.
Many of the investors and entrepreneurs who are attending are from other countries. I’ve met people from as far away as Brazil, Israel, Indonesia, South Africa, and Greece....
Most of these small foreign businesses don’t want American customers. They have no interest in competing with US businesses; they’re focused on their own countries. They’re here only because they need money to get off the ground.
In other words, rather than importing stuff to the US, they want American investors to export their dollars.
This is exactly what we want. President Trump’s goal is to reduce US dependence on imports and promote US investment overseas—and SXSW and other events like it are where many such relationships begin.
There’s one problem, though: Getting here to make those connections is no longer easy for non-US citizens.
The international SXSW attendees are all talking about our new border controls.
And it’s not just the people. Bringing any kind of electronic device into the US is difficult too.
...Flight app Hopper released research earlier this month that showed flight search from international origins to the US has dropped 17% since Trump’s inauguration......Net bookings to the US are down by 6.5% (excluding China)...
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