The Trump administration is considering deferring taxes for industries that are likely to be impacted negatively by the coronavirus outbreak, The Washington Post said on Friday, citing two people familiar with discussions. Cruise, travel, and airline industries are likely to take advantage of the tax deferral reportedly. Earlier in the day, White House economic adviser Larry Kudlow noted that the US economy was expected to slow down in certain areas. “More information is needed before action can be taken to help the economy with fiscal measures,” Kudlow added. Market reaction Market sentiment seems to have improved slightly in the last hour. Wall Street’s main indexes, which started the day more than 3% lower, were last seen down between 1.8% and 2.3%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Russia’s Novak: Many speculative factors behind falling oil prices FX Street 3 years The Trump administration is considering deferring taxes for industries that are likely to be impacted negatively by the coronavirus outbreak, The Washington Post said on Friday, citing two people familiar with discussions. Cruise, travel, and airline industries are likely to take advantage of the tax deferral reportedly. Earlier in the day, White House economic adviser Larry Kudlow noted that the US economy was expected to slow down in certain areas. "More information is needed before action can be taken to help the economy with fiscal measures," Kudlow added. Market reaction Market sentiment seems to have improved slightly in the last hour. Wall… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
