Fact Sheet: President Donald J. Trump Addresses Security Risks from Price Fixing and Anti-Competitive Behavior in the Food Supply Chain

Whitehouse.gov ^ | The Whitehouse

[SoConPubbie]

PROTECTING AMERICA’S FOOD SUPPLY AND FAMILY BUDGETS: Today, President Donald J. Trump signed an Executive Order to stop price fixing, anti-competitive behavior, and foreign influence that drives up grocery prices and threatens the security of America’s food supply.

• The Order directs the Attorney General and the Chairman of the Federal Trade Commission to each establish a Food Supply Chain Security Task Force within their respective agencies to aggressively investigate price fixing and anti-competitive practices across the food sector.

• Both Task Forces are empowered to bring enforcement actions and propose new rules to stop anti-competitive behavior and restore competition.

• The Attorney General is directed to pursue criminal proceedings, including grand jury investigations, if evidence of criminal collusion is uncovered.

• The Task Forces will jointly consult with relevant members of Congress in six months and then one year from the date of the order to provide progress updates subject to applicable law and recommend appropriate Congressional action, if any.

STOPPING PRICE FIXING AND FOREIGN CONTROL: President Trump understands that an affordable and secure food supply is vital to America’s national and economic security, but that anti-competitive behavior threatens its stability and affordability.

• In recent years, major players in America’s food supply chain have paid tens of millions to settle price fixing lawsuits.

• Sectors including meat processing, seed, fertilizer, and farm equipment may be vulnerable to anti-competitive manipulation that result in higher prices for farmers and consumers.

• Foreign-controlled companies are increasingly involved in key segments, potentially creating national security risks and driving up the cost of food for American families—issues the Task Forces are specifically directed to investigate.

• Without aggressive enforcement, price fixing and anti-competitive behavior will continue to inflate grocery bills and weaken America’s food independence.

DELIVERING LOWER COSTS FOR AMERICAN FAMILIES: President Trump is fighting every day to reverse Biden’s inflation crisis and bring down sky-high grocery prices – and he will not rest until every American feels the relief at the checkout line.

• On Day One, President Trump declared a National Energy Emergency to eliminate bureaucratic barriers, unleash innovation, and restore America’s position as the world’s leading energy producer.

• In July, President Trump signed the largest tax cuts in American history, leaving families with thousands more in their pockets each year.

• Last month, President Trump directed the Department of Justice to launch an investigation into the nation’s largest meat packing companies for potential collusion, price fixing, and price manipulation.

• By halting proposed Biden-era regulations, President Trump has already saved Americans over $180 billion, or $2,100 per family of four.

• Under Biden, workers lost over $2,900 in purchasing power — meaning inflation rose faster than wages. Under President Trump, even after accounting for higher prices, real wages have grown by $700 and are on track to increase by $1,200 after his first full year.

• While lower prices can’t happen overnight, we’re making big progress and will keep working to make sure everyone benefits.

[SoConPubbie]

For you Trump Naysayers and the FreeRepublic "Yea, but" brigade, are you better off with President Trump, or do you prefer the Democrats in charge while you make the Perfect the enemy of the Good?!?!

[Jim W N]

“Price Fixing” can only be done by the gov’t.

Free enterprise is constitutionally free to fix whatever prices they want.

Constitutionally, the feds have NO SAY!!!

Again, as Reagan said, the gov’t isn’t the solution, the gov’t is the problem.

[dpetty121263]

About time he did something as this is not an natural event with Food Prices.

[ChuckHam]

Mortgage rates aren’t back to 3%, all illegals aren’t gone, he’s killing innocent fisherman, and all the corrupt dims haven’t been executed yet. Of course they are mad.

[kaktuskid]

The 5 meat packing companies-3 of which are foreign owned-control 80% of the beef industry in the US. The worst is Tyson.

[Vermont Lt]

The fact that we are dependent on other countries for our food is downright frightening. We should focus on changing that. Then screw China.

[Jim W N]

Open competition will fix it.

Keep gov’t out of it where they don’t constitutionally belong. Gov’t will just make matters worse.

[cowboyusa]

Trump needs to follow Reagan, and give a National Address. Don’t wait until the STOUA.

[RoosterRedux]

Price fixing refers to agreements among competitors (or sometimes along the supply chain) to raise, lower, stabilize, or otherwise control prices, rather than letting them be determined by market competition.

These agreements are illegal under the Sherman Antitrust Act, regardless of market structure.

This is distinct from a single company unilaterally setting its own prices (which is perfectly legal).

[Jim W N]

OK, then if Trump has proof of price fixing, then he can charge the culprit under the Sherman Antitrust Act.

The rest of federal meddling is unconstitutional.

[Vaduz]

Strange how price fixing started soon after Tuump was elected huh.

Not

[DUMBGRUNT]

—”OK, then if Trump has proof of price fixing, then he can charge the culprit under the Sherman Antitrust Act.”

They have to wait for Sen Warren to give the word...
This is her bailiwick.

[kaktuskid]

We don’t have free enterprise in Big AG… it is an oligopoly of few players. Ask the farmers and ranchers, they aren’t making money while the customer complains about high prices.

[Jim W N]

We don’t have free enterprise in Big AG

That's because the feds have their dirty unconstitutional hands in there.

GET THE FEDS OUT OF THE MARKETPLACE!!!

[SunkenCiv]

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