Coronavirus spread is slowly growing and adversely affected the global markets and countries. President Trump announced he will restrict travel from Europe to the U.S. for the next 30 days in to combat the spread of the coronavirus.
Earlier today, the World Health Organization announced that the COVID-19 virus is now officially a pandemic.
“We are marshalling the full power of the federal government and the private sector to protect the American people,” he said.
“There will be exceptions for Americans who have undergone appropriate screenings,” Trump said. It’s not clear if these new restrictions will affect trade.
Trump said that annual tax payments will be deferred for people who are negatively affected by the disease and the administration will “immediately” be making loans available to small businesses suffering from disruptions due to the virus.
Trump used the Oval Office address on Wednesday to lay out his administration’s plan to address the pandemic and its economic and financial consequences.
“Smart action today will prevent the spread of the virus tomorrow,” Trump said during his address. “Each of us has a role to play in defeating this virus.”
Trump signed an $8.3 billion emergency spending bill to address the coronavirus pandemic. The money will go toward researching and developing a vaccine for the virus and providing medical equipment to healthcare workers.
Globally, the virus has entered into at least 114 countries and killed more than 4,000 people. There are 1,135 confirmed cases of the virus across the U.S., with 38 deaths.
On Wednesday night, Hanks posted a statement to Twitter that he and his wife, Rita Wilson, had tested positive for the novel coronavirus, which causes the disease known officially as COVID-19.
Also, The National Basketball Association has announced that it will suspend all games after tonight until further notice, following a player on the Utah Jazz testing positive for COVID-19.