The US-Canada border will close to nonessential traffic, US President Donald Trump tweeted on Wednesday, saying details on the move would be announced later but that it would not affect trade between the two countries.
"We will be, by mutual consent, temporarily closing our Northern Border with Canada to non-essential traffic. Trade will not be affected. Details to follow!" Trump wrote.
Trump's administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50 billion in secured loans to U.S. airlines to address the financial impact of the coronavirus, according to a document seen by Reuters.
The payments would be tiered based on income and family size. They would be made in two $250 billion rounds starting April 6 and May 18, according to the document.
The administration, as part of its $1 trillion stimulus and rescue proposal, also seeks another $150 billion to aid severely distressed sectors of the economy for secured lending or loan guarantees and $300 billion in small business interruption loans.
Officials have said that could include hotels, restaurants, aviation manufacturing, and cruise lines. Boeing Co on Wednesday said it was seeking at least $60 billion in loan guarantees and other financing for the entire aviation manufacturing sector, while cargo and passenger airlines are seeking $58 billion in loans and grants.