3M (NYSE:MMM) warns of “humanitarian implications” and retaliation
from the Trump Administration’s request for the company to cease
exporting respirator masks that it manufactures in the U.S. to Canada
and Latin America.
“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,” the company says, adding it would
cause the net number of masks made available to the U.S. actually would
decrease.
The company, which has said demand for N95 masks was exceeding capacity, says it will work with FEMA to boost production after Pres. Trump invoked the Defense Production Act against the company.
In a tweet last night, Trump said he “hit 3M hard today after seeing what they were doing with their masks.”
3M has not directly responded to a Fox News report
featuring the head of Florida’s Division of Emergency Management
accusing the company of shipping N95 masks to foreign countries ahead of
U.S. buyers.
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