Trump invokes defense production act to speed up ventilator production
President Trump says he invoked the Defense Production Act to ensure large companies can produce and donate medical supplies during the coronavirus pandemic.
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President Trump slammed 3M Co in a tweet on Thursday in regards to the company's production of protective masks.
Trump invoked the Defense Production Act to get the company to produce face masks.
At Thursday coronavirus briefing, Trump said "Hopefully they'll be able to do what they are supposed to do," he said.
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St. Paul, Minnesota-based 3M did not immediately respond to a request for comment.
White House trade adviser Peter Navarro said at the briefing, "We've had some issues making sure that all of the production that 3M does around the world, enough of it is coming back here to the right places."
MASKS TO STOP CORONAVIRUS SPREAD COULD BE RECOMMENDED TO ALL AMERICANS BY WHITE HOUSE, CDC
3M has doubled mask production since January. The company's N95 masks are considered the gold standard by medical workers and public-health officials, according to The Wall Street Journal.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MMM | 3M COMPANY | 137.91 | +4.77 | +3.58% |
N-95 face masks made by 3M and other companies are in short supply among healthcare workers treating coronavirus patients.
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The Defense Production Act grants the president the power to expand industrial production of key materials or products for national security.
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