3M and Trump Administration Agree on Respirator Supply Plan
Industrial conglomerate 3M (NYSE: MMM) and the Trump administration have settled a dispute over the supply of N95 masks in the United States, with the company announcing it will supplement its domestic production by importing respirator masks manufactured at its overseas facilities. On April 2, President Trump invoked the Defense Production Act (DPA) in his push to have 3M keep its domestically produced masks in the U.S.
In a response to the DPA invocation, 3M criticized the attempt to prevent exports, pointing out that it is a critical supplier of the respirators to Canada and Latin America, and that preventing it from shipping protective gear to those regions would have "significant humanitarian implications."
Image source: Getty Images.
Source Fool.com
