White House Trade and Manufacturing Director Peter Navarro spoke at the White House Coronavirus Daily Press Briefing on Sunday.
Navarro warned the hoarders that the government is going after them and will confiscate their products if they are caught price gouging.
Peter Navarro: The last thing I’ll tell you is I also get a lot of calls that are very disquieting. Brokers are offering millions of items, whether they’re goggles, masks, whatever. And you go through three different brokers trace them to a warehouse in LA that allegedly has got 10 million masks and they want to charge you seven times what they cost. That’s price gouging. We have got a message to the hoarders. If you got any large quantities of materials that this country needs right now. Get them to market or get them to us we’ll pay you a fair price but if you don’t do that we’re going to come for you and make sure we don’t let that happen in this country. And that would be a good use of the Defense Production Act. So thank you, sir. You made my job easier.