President Donald J. Trump has signed an Executive Order aimed at addressing concerns over price fixing, anti-competitive practices, and foreign influence within the U.S. food supply chain.
The administration says these actions are intended to protect both the affordability and security of the nation's food system. According to President Trump, "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."
The order comes as part of efforts to address rising grocery prices in the United States. President Trump stated, "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."
The Executive Order is designed to counteract market manipulation that could lead to higher costs for consumers, while also reducing potential foreign control over segments of the American food industry.
