The United States hopes to provide support to farmers in the midst of the corona crisis with nearly 20 billion U.S. dollars. In addition, food should be distributed to those in need.
The United States hopes to spend 19 billion US dollars to help support farmers in the midst of the corona catastrophe. This was said by President Donald Trump during a press conference at the White House. The government also extends financial aid to small business and entrepreneurs in response to businesses affected by the COVID-19 measures.
Agriculture Secretary Sonny Perdue mentioned that $16 billion will be used directly on farms. It is said that $3 billion is used to dairy products, meat, and other food commodities from farmers which will be provided to those in need.
In view of the advancement of the corona pandemic in the United States, Trump stated that he hopes the death toll in the country will remain below 100,000. The president stressed that every death is too much, he added: “At present, we may move to about 60,000, or maybe 65,000.”
Currently, according to data from Johns Hopkins University, the number of confirmed Sars-CoV-2 infections in the United States exceeds 692,000, and more than 36,700 people have died associated with Covid-19 thus far. The U.S. has surprisingly the highest number of infections and deaths in the world.
Trump is confident that his country will effectively combat the virus spread. Crucial improvement has been shown during the past days, and the “light at the end of the tunnel” will soon be seen. Trump said: “We did it right.” It managed to save the lives of millions of American citizens.
Trump Announced Guidelines To Bring US Back To Normal
Trump presented guidelines in April that will restore the United States to normal in three phases and slowly reopen the overall economy. Accordingly, starting from May, a moderate easing policy should be implemented first. Gatherings exceeding ten people need to be refrained. One example is, dining places, movie theaters and worship places could only operate if there is assurance of social distancing among visitors.
Vice President Mike Pence quoted experts saying that the United States has enough tests to meet the guidelines for the first phase.
Some states have answered to Trump’s plan and said that they wanted, to some extent, rest the current corona precautions. Governor Greg Abbott also added that shops in Texas will reopen soon. Governor Ron DeSantis of Florida opened stores to the communities, parks and beaches, as long as they can provide the required safety measures.
Trump has earlier expressed solidarity with anti-lock protesters on Twitter. Trump wrote on Twitter: “Free Michigan!” and “Free Minnesota!”-Governors Whitmer and Walz, both Democrats, have taken strict protective measures.
At this time, COVID-19 proves to have a huge effect on forex trading and financial markets. Forex brokers and financial advisors said the impact will continue for a long period but are confident that all nations will be able to surpass this event and will be on the road to economic recovery.
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