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The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
A related Executive Order 14032 ("Addressing the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China") was signed by President Joe Biden on June 3, 2021. The national emergency declared by E.O. 13959 remains in effect and has been expanded by E.O. 14032.
Prioritizing and Allocating Health and Medical Resources to Respond to the Spread of COVID-19 March 18, 2020 March 23, 2020 85 FR 16227 2020-06161 [338] [339] 146 13910: Preventing Hoarding of Health and Medical Resources To Respond to the Spread of COVID-19 March 23, 2020 March 26, 2020 85 FR 17001 2020-06478 [340] [341] 14122 [342] 147 13911
Trump has indicated he plans to pick up where he left off with Beijing, and has vowed to impose an additional 10% tariff on Chinese goods to push China to do more to stop fentanyl flows into the U.S.
By 2020, tariffs had been applied to a total of $550 billion in Chinese goods and $185 billion in U.S. goods. ... is more vulnerable than the United States when it comes to tariffs — for the ...
Trump proclaimed his 2020 trade deal with China to be "transformative." ... Trump called the deal a "historical" agreement — and even bragged that China would buy not $200 billion in new goods ...
The number of deaths in the United States attributed to the SARS-CoV-2 disease is 164,462. There are more than 5.1 million certified COVID-19 cases. [37] Thursday, August 13: The Trump Administration brokers a peace agreement between United Arab Emirates and Israel, the first agreement between Israel and an Arab-Muslim nation. [citation needed]
In response, Trump signed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020 which helped maintain family incomes and savings during the crisis, but contributed to a $3.1 trillion budget deficit (14.9% GDP) for fiscal year 2020, the largest since 1945 relative to the size of the economy.