Trump Reluctant to 'Nationalize' U.S. Industry When Companies Are Voluntarily Offering Help

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CNS News

CNSNews.com) - President Donald Trump was asked on Sunday why he won't use the powers given to him by the Defense Production Act to require companies to produce personal protective equipment (PPE) for health care workers, as many Democrats are demanding.

Trump said he'll invoke the law if he must, but with companies coming forward to volunteer production, he doesn't want to "nationalize" U.S. industry.

(Trump tweeted last week, "I only signed the Defense Production Act to combat the Chinese Virus should we need to invoke it in a worst case scenario in the future.")

Trump repeated his position at a Sunday evening news conference:

“The fact that I signed it -- it's in effect. But you know, we're a country not based on nationalizing our business. Call a person over in Venezuela, ask them, how did nationalization of their business work out? Not too well. The concept of nationalizing our businesses -- not a good concept.”

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