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

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.