US Pres. Trump: Very important for all countries & businesses to know that trade will in no way be affected by EU travel ban
|US President Trump is back on the wires now, via Twitter, following his address to the nation earlier today.
Trump tweeted out: “Hoping to get the payroll tax cut approved by both Republicans and Democrats, and please remember, very important for all countries & businesses to know that trade will in no way be affected by the 30-day restriction on travel from Europe. The restriction stops people not goods.”
US President offers some conciliatory remarks after his announcement on the travel restrictions on Europe and a lack of economic stimulus plan to battle the coronavirus outbreak triggered a fresh risk-aversion wave across the financial markets.
Meanwhile, the US State Department has issued a global level 3 health advisory for all overseas travel, citing that everyone should reconsider travel overseas due the COVID-19 outbreak.
Market reaction
Risk aversion has somewhat stabilized, but a sea of red still persists in the Asian equities, US equity futures and oil prices.
USD/JPY is seen consolidating the drop to 103.09, now trading around 103.30, still down 1.14% on the day.
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