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by Axios | 3.11.20

President Trump announced in an Oval Office address Wednesday that European travel to the U.S. will be restricted for 30 days, with exemptions for Americans who undergo screening upon their return.

The big picture: The U.S. now has more than 1,000 cases of coronavirus, with the likelihood that there are far more unknown cases due to major delays in testing.

The travel restrictions affect member states of the Schengen Area, which includes most but not all of the E.U. The United Kingdom and Ireland are not in the Schengen Zone and are not affected by the restrictions.

Trump took pains to blame others for the virus taking root in the U.S., calling it a \"foreign virus\" and noting it started in China.

He said the U.S. has been doing better than Europe and that EU “failed” to do enough soon enough. The case and death count have been surging in Italy, which has put the entire country under lockdown.

Trump also announced plans for economic stimulus, including:

Low interest loans for small businesses via the Small Business Administration
Deferring tax payments for affected businesses and individuals via the Treasury Department
Calling on Congress to cut payroll taxes

Between the lines: A lot of the most ambitious asks from Trump rely on Congress for approval, notes Axios' Alayna Treene.

This will provide him cover if things go haywire — he can say he asked for significant action but Congress prevented it from becoming a reality.

Behind the scenes: These options were considered in the taskforce yesterday and presented to the president today, a senior administration official told Axios' Jonathan Swan.

The source said multiple senior health officials in the administration supported the travel ban from Europe given the recent spikes, especially in Italy.
Swan asked whether Trump had second thoughts about the economics effects of this.
“All of us do,” the official said. “Of course. But it’s a matter of what’s best in the long term.”

The bottom line: “This is not a financial crisis,\" Trump said. \"This is just a temporary moment of time.\"

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