WASHINGTON (Reuters) – President Donald Trump stated on Monday he is thinking about how to resume the U.S. economy when a 15- day shutdown ends next week, even as the highly contagious coronavirus is spreading out rapidly and health centers are bracing for a wave of virus-related deaths.
” America will again and soon be open for business,” Trump told a White House news conference. “We are not going to let it become a lasting financial problem.”
Trump released standards a week ago that he said intended to slow the spread of the disease over 15 days, including curbing unnecessary travel. In the meantime, economic activity has ground to a stop in some states.
But enjoying the loss of lots of jobs and a sharp drop in stock exchange and facing a hard re-election fight, Trump has actually independently expressed concerns to assistants and allies about the effect of the restrictions on the long-term health of the economy.
Trump informed press reporters it was possible to resume economic activity in states with what he stated were reasonably low rates of infection, citing Nebraska, Idaho and Iowa as examples, while continuing to work on the hot zones in other states like New York.
” If it were up to the doctors, they ‘d state let’s shut down the whole world,” stated Trump.
Trump senior economic advisor Larry Kudlow signaled a possible policy modification in an earlier interview with Fox News on Monday: “The president is. The treatment can’t be worse than the illness. We’re going to have to make some difficult trade-offs.”
The White Home would take a look at “a number of things,” he stated.
Trump, who had actually hoped to construct his project for the Nov. 3 election on a flourishing U.S. economy, now is loo