. "Big surprise to many in government as to what they were doing - will have a big price to pay!"
Roman said that 3M has increased imports of the masks from its facilities in China, and that it is fighting price-gouging and unauthorized reselling. The disagreement comes after the Trump administration invoked the Defense Production Act to direct 3M to prioritize production of the masks for the federal government.
Roman said that the administration's criticism of 3M's exports of masks made in the US to Canada and Latin America is misguided, as halting those exports would cause a humanitarian issue. The administration had asked 3M to stop exporting the N95 respirators to those regions, 3M said. "There are, however, significant humanitarian implications of ceasing respirator supplies to healthcare workers in Canada and Latin America, where we are a critical supplier of respirators,". "In addition, ceasing all export of respirators produced in the United States would likely cause other countries to retaliate and do the same, as some have already done... That is the opposite of what we and the Administration, on behalf of the American people, both seek.
Roman said that "we've been telling the administration for days and days" about 3M's efforts to increase imports from China. 3M said it had recently gotten approval to import 10 million N95 masks from its production facilities in China.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is impacting businesses.
hblodget How does Trump come up with his outbursts? Demonstrates absolutely understanding of anything beyond 2+2...
hblodget How easy it would be for any one of these CEOs to be a hero for the history books.
3M?
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Trump says 3M 'will have a big price to pay' over face masksPresident Donald Trump slammed 3M Co in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks. Stop, Reuters. I get sick looking at his face. Why is anyone surprised by this anymore? This guy couldn’t wheel a tire down a hill, let alone lead up a half-baked US response to this epidemic halfbaked droptheball Boycott 3M until they comply! Read labels b4 purchasing anything.
Source: Reuters - 🏆 2. / 97 Read more »
Trump blasts 3M as company says mask demand far exceeds ability to produce them3M said it has gone 'above and beyond' to make enough respirators available in the U.S., despite President Donald Trump criticizing the company over its mask production. Yes, many people say 🤷♂️ It’s simple have 3m disclose how many masks they’ve produce for America compared to rest of the world. on this episode of the president blaming other people for his problems
Source: USATODAY - 🏆 100. / 63 Read more »
Slammed By Trump, 3M Says N95 Mask Exports From U.S. Should ContinueA key maker of N95 masks is arguing against the Trump administration's request to keep U.S.-made masks in the domestic market — saying the policy could backfire by triggering retaliation. The Master Dealmaker. Masks made in the US should not be shipped overseas... wtf Agreed. Free trade should be free . . . just like markets.
Source: NPR - 🏆 96. / 63 Read more »
3M, Under Attack From White House, Pushes BackThe company said it would work with the U.S. to implement the Defense Production Act and responded to criticisms that it was favoring other, higher-paying countries with the distribution of its masks. 'For example, earlier this week, we secured approval from China to export to the U.S. 10 million N95 respirators manufactured by 3M in China.' 美国加油 obv. health care workers are the first priority but what about the rest of us? You are failing miserably. $MMM
Source: WSJ - 🏆 98. / 63 Read more »
Stocks making the biggest moves in the premarket: Disney, 3M, Tesla, Apple, Peloton & moreThe stocks making the biggest moves in premarket trading include Disney, 3M, Tesla, Apple, Peloton, and more. NEED TO SHORT SELL 3M this company has let down the AMERICAN HEALTH CARE WORKERS. IT a company that is selling mask TO companies over sea when the USA HEALTH CARE WORKERS AND STATES need them. SO SHAMEFUL Ugh, my dads 3M stock is taking a beating. TumpBrokeTheEconomy
Source: CNBC - 🏆 12. / 72 Read more »