In a response to ‘foreign’ coronavirus outbreak, the US President, Donald Trump has announced to ban on travelers from Europe to the US for the period of 30 days in a view to curb the spread of the virus pandemic.
On Wednesday, the global market especially the US trading market was badly affected in part after the World Health Organization (WHO) declared that coronavirus could turn into a pandemic. Currently, the US has more than 1,200 cases related to virus infections while the global figures at least have reached 118,000 cases.
Calling the coronavirus a “foreign virus,” Trump blamed European leaders of their half-hearted efforts in addressing the virus outbreak which has affected people especially Americans. He continued attacking the policy-makers of the region as they lagged to take up appropriate steps to contain the disease the way the US did. Citing Europe’s poor policy on the virus epidemic, Trump explained that “a large number of clusters” of coronavirus “were seeded by travelers from Europe.”
Based on the backdrop, the Trump administration has announced the recent move to ban Europeans traveling to the US and the ban would apply only to those countries that included in the Schengen economic and travel zone.
He clarified that the United Kingdom (UK) and Ireland were excluded from the ban since both the countries were outside of the European Union (EU) jurisdiction. Meanwhile, it was mentioned by Trump on Twitter that the services related to cargo goods would not be included in the ban.
Considering the harsh impact on the US economy, Trump has announced some measures to address the challenges of the financial situations of the country due to the virus epidemic. He claimed that he would initiate a legislative action by asking Congress to provide payroll tax relief and instruct the Small Business Administration to “provide capital and liquidity” to small businesses.
Doubt about Positive Impact
Analysts explained that the virus epidemic slowly expanded in the US through community transmission and banning European traveling was expected to have less impact on the virus spread in the country.
Dr. Anthony Fauci, the Director of the National Institute of Allergy and Infectious Diseases, told CNBC’s “Squawk on the Street” last month that a strict travel rule on inbound flights from China has less relevance in a global pandemic disease.
Fauci added, “When it was focused only on China, we had a period of time, temporary, that we could do a travel restriction that prevented cases from coming into the US.” However, Fauci explained, “When you have multiple countries involved, it’s very difficult to do; in fact, it’s almost impossible” because “you can’t keep out the entire world.”
Following Trump’s announcement, the US markets tumbled on Wednesday afternoon. Focusing on the needs to strengthen the country’s financial position, Trump convened a meeting with representatives of the nation’s biggest banks to discuss economic responses to the epidemic.
Several attendees of the meeting included Bank of America’s CEO Brian Moynihan, Wells Fargo’s CEO Charlie Scharf, Blackstone’s CEO and Chairman Steve Schwarzman, Citigroup’s CEO Michael Corbat, and Goldman Sachs’ CEO David Solomon. Despite Trump hinted to open up a series of stimulus plans to regain the economy, he had not shared details of the plans.
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