BUSINESS

Trump to open most of his US economy by May 1, says a reporter.

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U.S President Trump and his administration want to open the businesses of the state by May 1 as the country is facing a great loss in the economy. Till April 30, strict social distancing will be maintained but not after the past date.

The state will reopen along with the announcement of the creation of the second action task force. According to the reports, the second force will include private-sector and top government officials such as Treasury Secretary Steven Mnuchin, Kevin Hassett and National Economic Council Director Larry Kudlow, the previous chair of Trump’s Council of Economic Advisers.

According to Mnuchin, the government will provide the companies will all the necessities, once the pandemic is overcome by the country. Due to the deadly pandemic, most of the major economic sectors have been shut done which in the result is leading the country towards recession, this needs to be open as soon as possible.

According to Trump, nothing can be more deadly than the economic US is facing right now, not even the pandemic itself. While Trump did not set a confirm date to reopen the economy while addressing a press conference on Wednesday night, reported by CNN.

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