3M CEO responds to Trump: 'Nothing could be further from the truth' - Business Insider

. "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.

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