Trump Wrongly Blames Europe and Bans All EU Travel into US


Years right so the travel industry is is obviously gonna take ahead because of an announcement that president trump made last night new limits on people traveling to the United States from some parts of Europe the president in his oval office address seem to blame European policy in part at least for the coronavirus cases here listen the European Union fail to take the same precautions and restrict travel from China and other hot spots as a result a large number of new clusters in the United States were seeded by travelers from Europe we should just note there's no evidence to support that we don't have a clear understanding of how many cases here in the United States were caused by Europeans coming to this country we also need to know that there was a lot of confusion about the present smart remarks in general I mean he said that these restrictions would include goods they do not he also said all of Europe would face travel bans that is not true can you explain those Scott the real restrictions on what they could mean for the economy will the real restrictions apply to travelers from continental Europe so not the U. K. there there have been excluded from yes for thirty days but this doesn't apply to U. S. citizens or their immediate family members or green card holders this was rolled out pretty abruptly there was apparently no warning to the Europeans and so that just added to the confusion and the white house's have do some clean up on that this restriction will serve surely be another hit for airlines hotels tourist attractions which have already been hurting during the corona virus outbreak European visitors account for about thirty percent of international travelers to the U. S. at this time of year and of course the industry was already suffering from loss of visitors from China now on top of that you for domestic consumers you have a lot of entertainment sporting events big gatherings of all kinds have been canceled or postponed obviously a highlight NBA or low light the NBA announcing last night that suspending its season that means less going out to bars and restaurants less spending money might be a silver lining for Netflix and Amazon but it's a hit for the broader economy and you know hospitality has been a really strong sector adding tens of thousands of job in recent months this could really change that around so the White House has outlined this plan to help the economy but yet it still doesn't seem to be helping the stock market can you explain what the plan is why it's not helping on the yeah and that's a contrast what happened earlier this week when the market really rallied on a promise of a rescue package for the White House but when investors actually saw with the president's offering last night they were clearly disappointed too little too late and too little detail he's talking about low interest loans for affected businesses maybe postponing next month's tax deadline most important perhaps help for workers who don't have sick leave and are forced to stay home so they don't miss a paycheck but again we're waiting to see the details of how that might be a top accomplishment we should say house Democrats plan put out their own plan on the floor later today Scott Horsley impairs chief economics correspondent thanks

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