Trump's travel ban triggers first bear market since 2008

News Team, 12/03/2020

Donald Trump has imposed a 30 day travel ban between the US and Europe in an attempt to stall the spread of coronavirus. The ban excludes the UK.

The news came yesterday just hours after the World Health Organization said the crisis was now a “pandemic”.

The ban applies to the 26 countries in the Schengen common visa area, so does not apply to the UK and Ireland.

“We are at a critical time in the fight against the virus,” Trump said in a prime-time address. “We made a life-saving move with early action on China, now we must take the same action with Europe.”

He said that many of the US ca...

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