Trump Creates Task Forces to Investigate Price Fixing in Meat, Seed, and Fertilizer Industries
Addressing Security Risks From Price Fixing and Anti-Competitive Behavior in the Food Supply Chain
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Trump signs executive order creating food supply chain task forces to address 'anti-competitive behavior'
The new task forces will investigate food-related industries to determine if foreign control is driving up prices. Trump noted that sectors like meat processing, seed, and fertilizer have vulnerabilities to price fixing, citing past civil settlements as evidence of the need for enforcement.
Trump goes after foreign food producers to lower grocery prices
The executive order targets foreign companies and calls for the creation of a Food Supply Chain Security Task Force. It specifically mentions the 'Big Four' meatpackers, noting that two are subsidiaries of Brazilian companies, and seeks to investigate their impact on U.S. food costs.
Trump Orders DOJ, FTC to Investigate Price Fixing in Food Industry
The order directs the DOJ and FTC to form task forces to look into anti-competitive behaviors and examine the national security implications of food businesses owned by foreign entities. The investigation covers segments including meat processing, seed, fertilizer, and equipment.
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