“We just made a great Trade Deal, the ink was barely dry, and the World was hit by the Plague from China. 100 Trade Deals wouldn’t make up the difference — and all those innocent lives lost!”
There were also gloomy forecasts from the US Federal Reserve, which said prolonged shutdowns to stem the spread of the virus could cause lasting economic damage in America.
Two US security agencies piled further pressure on Beijing Wednesday by saying Chinese hackers were attempting to steal intellectual property related to treatments. Top infectious diseases expert Anthony Fauci has said re-opening too soon risks triggering uncontrollable outbreaks, but the president Wednesday dismissed that call for caution as “not acceptable”.
Further signs of the damage to businesses emerged Thursday when Lloyd’s of London forecast the pandemic will cost the global insurance industry about $203 billion. Some beaches re-opened in France on Wednesday — but only for swimming and fishing — and people in England were allowed to leave their homes more freely.
However, in Latin America the virus continued to surge, with a 60 percent leap in cases in the Chilean capital of Santiago, prompting authorities to impose a total lockdown on the city.
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