White House Trade and Manufacturing Director Peter Navarro spoke at the White House Coronavirus Daily Press Briefing on Sunday.
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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.