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Trump has repeatedly tried to scapegoat the World Health Organization, claiming the United States is paying the price for the agency's mishandling of the pandemic, Guatemalan political observer and former diplomat Manuel Villacorta said.

Trends will differ by sector, with leverage increases to be concentrated in the transportation, investment holding, and conglomerates sectors, given their high investment needs, said the rating agency.

Trump arrived in Riyadh on Saturday morning as the first leg of his first foreign visits since his election as US President.

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Tsinghua University, 14 July 2018

Trump earlier Wednesday announced that the US and Canada had agreed to close their border to most travel as the two countries seek to blunt the spread of the coronavirus.

Truly, it has been a challenge so far in the process of globalization to achieve a balance there. However, this failure should not mean an end.

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Trump is likely to prevail in the end since he could use his first-ever veto to kill the measure if it passes Congress, but the White House is seeking to minimize defections among the president's GOP allies to avoid embarrassment.

Trump vetoes annual defense bill despite passage in Congress by veto-proof majority - World - Chinadaily.com.cn

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Trump, in his quest to build the border wall, has faced court challenges, logistical hurdles and congressional opposition. His administration has completed 30 new miles (48 km) of border fencing and replaced another 240 miles (386 km) of barriers along the 2,000-mile (3,200-km) border, government figures show.

Trump, who emphasized a tax cut for middle-class Americans during his 2016 campaign, said at an earlier Cabinet meeting that lowering the corporate tax rate to 21 percent from 35 percent was "probably the biggest factor in this plan".