Trump has banned entry to the United States from Europe
Global markets swayed Thursday after US President Donald Trump imposed sweeping travel restrictions from Europe, hitting already badly hit airlines and further straining relations with the continent..
Trump announces travel ban from Europe to the US in bid to stem coronavirus
Trump ordered to restrict travel from Europe to the United States for 30 days in retaliation against the rapidly spreading coronavirus outbreak that is devastating nearly every corner of U.S. daily life..
«We will mobilize the full power of the federal government and the private sector to protect the American people, ”Trump said in a primetime televised address from the Oval Office on Wednesday. – This is the most aggressive and comprehensive attempt to counter an alien virus in modern history».
The travel ban, which starts at midnight on Friday, does not apply to the UK or Americans passing «relevant checks», Trump said.
Following confusion, suggesting that trade with Europe would also be suspended, Trump clarified that «trade will not be affected in any way».
«Restriction stops people, not goods», – he tweeted a few minutes after his speech.
Unexpected restraints sent financial markets down, with Euro Stoxx 50 futures falling 8.3% to their lowest level since mid-2016. US stock futures dropped more than 4%.
«We already know that the economic impact is significant, and with this additional measure, it will simply multiply the impact on businesses, ”said Hong Guo, head of Asia research at ANZ in Singapore. – This is something that the markets have not considered … this is a huge short-term economic cost».
Trump said his government has been in frequent contact with U.S. allies about the restrictions, but European Union officials were not notified in advance, one diplomat said..
«There were no signals, no coordination, as the president claims», – said a diplomat who is not authorized to speak in public.
The restrictions will put more pressure on airlines already in shock from the coronavirus pandemic, analysts said, hitting European carriers.
30-year-old Washington, DC resident Michelle Kravez, who is visiting her brother in Prague, quickly rebooked her ticket home.
«It quickly became apparent that demand was increasing cost and seats were rapidly declining, she told a Reuters reporter on Twitter. – Soon after, we learned that this decision may not apply to US citizens».
«However, with all these changes – who knows if flights will be canceled – we decided to book a new route that got us home ahead of schedule.», – she explained.
In an effort to reduce the economic impact of the outbreak and restrictions, Trump instructed the Treasury to defer tax payments with no interest or penalties for certain businesses and individuals affected by the health crisis.
The president also said he would take emergency measures to provide financial assistance to workers who are sick, quarantined or caring for others due to the coronavirus. Trump said he instructed the administration to provide capital and liquidity to small business firms hit by the coronavirus, including low-interest loans..
In Australia, the government said it will invest A $ 17.6 billion ($ 11.4 billion) in the economy to try to stem the coronavirus outbreak that caused the recession..
A senior member of the ruling party in Japan said he should brainstorm plans to cancel or reschedule the Tokyo Olympics, even if this is still unlikely..
The travel restriction procedure applies to 26 European countries.
Affected Seattle District, Washington State’s Largest Public School District, Announces Unprecedented Two-Week School Closures.
The Greater Seattle area is the epicenter of the deadliest and one of the largest groups of coronavirus infections in the United States, accounting for at least 38 U.S. deaths from the disease..
Washington State has reported 373 coronavirus cases, including 30 deaths. There have been 1,311 cases in total in the United States, according to Johns Hopkins University..
In the city of San Francisco, non-essential public events of 1,000 people or more were banned, and major sports events were also affected.
The National Basketball Association said it was suspending the season until further notice after a Utah Jazz player tested positive for the coronavirus. The National Collegiate Athletic Association (NCAA) said its hugely popular basketball tournaments «March madness» will be held in arenas without fans. ,
Oscar-winning actor Tom Hanks announced on Twitter that he and his wife, Rita Wilson, have tested positive for coronavirus in Australia, where he starred in films..
New York Governor Andrew Cuomo said the annual St. Patrick’s Day parade will be postponed. Several other cities also canceled celebrations on March 17..