Even before the coronavirus global pandemic started America’s steepest economic downturn since the Great Depression, China inhibited attempts by President Donald Trump’s administration to curb China’s exports into the United States with heavy tariffs.
When the COVID-19 pandemicstruck like a thunderbolt in late February 2020, the financial results were expected to crash the stock and bond markets, while the money available would be withdrawn or kept in the banks.
While both political parties have called for more goods to be “made in America,” it has been a weak request. With no real punch to this demand, the result is indifference to a critical factor in this country’s future health.
Since the novel coronavirus SARS-CoV-2, which causes the disease COVID-19, infested the United States in early March 2020, U.S. businesses have had to re-evaluate their ongoing business outlook and each company’s approach in their particular segment, whether they are large or small.
When Congress passed and President Donald Trump signed a $2 trillion aid package, historians were astounded that such an unbelievable addition to an already $20 trillion debt would be acceptable to all Americans without a murmur.