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Foreign trade in 2020 is a tough battle!

Foreign trade in 2020 is a tough battle!

Jun 02, 2020

At present, many countries around the world lift the blockade measures in stages, and continue to expand the scope of resumption of production. New York State Governor Andrew Como announced on May 29 that New York City is expected to enter the first phase of "unblocking" on June 8, and five other areas of New York State will enter the second phase of resumption of work. However, Como also warned that "reopening does not mean that we will return to the state before the epidemic." If the "unblocking" triggers a rebound in the epidemic, the closure control measures will be re-implemented.

   The Fed Chairman Powell said on May 29 that the Fed will soon launch the "Public Enterprise Loan Program" to support small and medium-sized enterprises affected by the epidemic. The plan is mainly aimed at small and medium-sized enterprises with less than 15,000 employees or annual operating income of less than US$5 billion, with loan amounts ranging from US$500,000 to US$100 million.

  The British Prime Minister Johnson has announced that starting June 1, schools in parts of the UK will gradually resume classes, "non-essential" retail stores will resume business one after another, and the public will be able to meet in small outdoor areas. According to the "Financial Times" report, the British government is drafting a large-scale job creation plan to deal with the possible huge unemployment wave, and as soon as possible to recover the economy from the epidemic.

In addition, French Prime Minister Philip announced that after successfully slowing the spread of the epidemic, France will relax domestic travel restrictions from this week, national parks and green spaces will be opened, and primary and secondary schools will be allowed to resume classes, cafes and restaurants will reopen. This marks France's entry into the second phase of "unblocking", after France began to relax its strict national blockade measures for two months on May 11.

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