All Americans are being hit by the coronavirus. President Trump acknowledged Saturday that the family business had been hard hit by the viral disease.
President Trump speaking to reporters said, “I wouldn’t say you’re thriving when you decide to close down your hotels and your businesses. I’m very unlevered in everything, so that’s good. But is it hurting me? Yeah, it’s hurting me, and it’s hurting Hilton, and it’s hurting all of the great hotel chains all over the world.”
It is a terrible time to be in the hotel industry or any other tourism-related industry.
Businesses are closing across the country as the disease has spread far and wide. Efforts to flatten the curve have led to state quarantines in California and Ohio.
President Trump passed on control of the family business when he became President, but is still very much up to date on what is happening with it.
As the American economy grinds to a halt, no American is safe from the impact. The coronavirus may have triggered a global recession as nations come to a standstill.
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