Like someone said on twitter, “In the end, it will be impossible to know if we overreacted or did too much, but it will be QUITE apparent if we under reacted or did too little.”
http://nrg.cs.ucl.ac.uk/mjh/covid19/#g8
US is tracking highly with Italy, but 12 days behind.
Land size if Italy is 116,347 mi², land size of US is 3.797 million mi²
I don't think it's fair to make any assumptions from those infection numbers when the two countries are vastly different.
Italy has an older population to start with. I don't think the US will remotely reach the chaos we are seeing in Italy.
Most of Europe and North America is on a steady exponential curve upwards with no sign of slowing down yet. Germany has already clearly said that they expect 70-80% of the population to be infected eventually - 60M people, of whom ~2% or 1.2M will likely die. Scale that up to the USA.
Without a vaccine, the only way this virus peters out is through eventual herd immunity, which will require a sizeable fraction of the population to catch it.
The official Chinese death statistics are probably severely under-counting deaths, in Wuhan at least. IIRC, they only counted deaths of confirmed cases, but the medical system was so overwhelmed that many, many cases weren't getting confirmed, and people were dying at home.
So real mortality, once health systems will crumble from the load (we will see in 1 week here in Europe), might be more around 10%. Not many seem to like to accept this simple fact, happy to hear where my conclusion is wrong. I mean if you have water/mucus in your lungs, that's it, very little can be done.
If we take >50% of earth population would eventually take it (which seems more realistic, since we have no vaccine, and no effective treatment and those won't work very well in many places like India or most of Africa), we're talking about 80 million - 400 million of dead (2-10% of 4 billions). I don't see how we can avoid this - we can't shutdown whole global economy for even 6 months, whole system didn't evolve with this safeguard in mind. People will have to start working again. Producing food, goods, services etc.
Now lets be skeptical and have only 10% of those horrible numbers coming true - still talking about 8-40 millions of dead.