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The White House officials estimated that the covid-19 death toll in the U.S. will upsurge to between 100,000 and 240,000, peaking over the next two weeks. Currently, according to Johns Hopkins Coronavirus Resource Center compilation, the total cases across the world is at least 858,785 and 189,035 cases were reported in the U.S. with 76,049 confirmed alone in New York, while the fatality figure nationwide is at 1,550.
As a result, the risky assets markets worldwide continue to fall for 3 days. If it actually fails, the markets will focus on both stances and what countermeasures to be launched from both sides. If consider Trump s threatening earlier this week that he wants to raise import tariffs on USD200b worth of products from 10% to 25%, the stock markets worldwide and the SET have weakened to respond to this issue at some levels.
A few months after the outbreak in America, the U.S. President Donald Trump claimed that WHO tried to cover up for China’s Covid report and failed to gather information from China to alert other countries of this pandemic. The president went as far as accusing the organization to be under control of Beijing. Later, Trump pulled the U.S. out of WHO, meaning that the state will no longer provide funds to the organization.
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