President Donald Trump may have signed an executive order last week that invoked the decades-old Defense Production Act, but so far he isn’t using it to boost needed medical supplies to combat the coronavirus pandemic.
Trump argued during a press briefing yesterday that the mere threat of using the Korean-War-era law was enough to get businesses to act.
“We’re a country not based on nationalizing our business. Call a person over in Venezuela. Ask them how nationalization of their businesses worked out. Not too well,” Trump said.