President Donald Trump declared a US national emergency over the quickly spreading coronavirus on Friday, opening the door to more government aid to combat a pathogen that has infected more than 138,000 people worldwide and left over 5,000 dead.
The impact of the coronavirus on everyday life deepened around the world. It was detected for the first time in several countries, with the World Health Organization (WHO) calling Europe the pandemic’s current epicenter. More schools and businesses closed, the global sporting calendar was left in tatters, and people faced greater restrictions on where they could go.
“To unleash the full power of the federal government to this effort today, I am officially declaring a national emergency – two very big words,” Trump said in remarks at the White House Rose Garden, adding that the US situation could worsen and “the next eight weeks are critical.”
Trump, whose action makes available $50 billion in federal aid to states and localities, had faced criticism from some experts for being slow and ineffective in his response to the crisis and playing down the threat.
The latest steps came two days after Trump announced travel restrictions blocking US entry for most people from continental Europe. While Britain was among the countries exempted, Trump said on Friday that might change because infections there had risen “precipitously.”
The president, who was photographed last Saturday at his private Florida club with a Brazilian official who has tested positive for the coronavirus, said he himself likely would be tested “fairly soon,” a reversal of his previous stance. But Trump, 73, said he did not plan to isolate himself, noting he was suffering no symptoms.
Travel bans have hammered airlines and travel companies worldwide, while financial markets have been hit by panic selling this week.
The three major US stock indexes rallied more than 9% on Friday, rebounding from Wall Street’s biggest daily drop since 1987. But the indexes were still about 20% below record highs hit in mid-February.
WHO Director-General Tedros Adhanom Ghebreyesus said Europe now had more reported cases and deaths than the rest of world combined, apart from China, where the coronavirus originated but where new cases have slowed to a trickle. The WHO called the death toll reaching 5,000 globally “a tragic milestone.”
The WHO’s top emergency expert, Mike Ryan, said social distancing was a “tried and tested method” to slow the spread of a virus but “not a panacea” that would stop transmission.
“Blanket travel measures in their own right will do nothing to protect an individual state,” Ryan said.
More cultural landmarks were shuttered to try to stop the spread of the virus. In Paris, the Eiffel Tower, the Louvre museum and the Moulin Rouge cabaret closed their doors. The Smithsonian museums in Washington were preparing to do so on Saturday and Broadway theaters in New York went dark.
The kissing of the Blarney Stone, one of Ireland’s oldest tourist traditions, was suspended.
Central banks worldwide acted to shore up money markets after cratering share prices drove a rush for cash, hitting many regional currencies and threatening a surge in short-term borrowing costs.
In China, which bore the brunt of the economic fallout from the coronavirus in the first few months of 2020, authorities late on Friday cut banks’ reserve requirements for the second time this year.
