Trump Kicks Toughest Decisions to States With His Reopening Plan
“Days after insisting he had absolute authority to steer the country’s economic recovery from the coronavirus outbreak, President Donald Trump instead handed over the keys to governors and businesses. Trump issued guidelines on Thursday for states to consider as they decide whether to relax stay-at-home orders and other social-distancing measures enacted to curb the spread of the virus. The brief document lays out a three-stage process and leaves many difficult decisions to statehouses.”
Europe Is Taking a Harder Look at China After Virus Suspicions
“European governments struggling with the fallout from the Covid-19 pandemic are hardening their positions toward China as suspicions grow over the level of transparency in the coronavirus’s country of origin. French President Emmanuel Macron accused Beijing of not being upfront over its handling of the epidemic, while in the U.K., Prime Minister Boris Johnson’s plans to involve Chinese tech giant Huawei Technologies Co. in the nation’s next-generation mobile network may fall prey to mounting opposition.”
China Suffers Historic Economic Slump With Hard Recovery Ahead
“The coronavirus pushed China’s economy into its first contraction in decades in the first quarter, with the spread of the disease around the world now leaving the nation reliant on fragile local demand to spur a recovery. Gross domestic product shrank 6.8% from a year ago, the worst performance since at least 1992 when official releases of quarterly GDP started and missing the median forecast of a 6% drop. The economy hasn’t contracted on a full-year basis since the end of the Mao era in the 1970s.”
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