Trump inks executive order to stop anti-competitive practices in food supply chain

President Donald Trump signed an executive order last week that the administration says will address risks from price fixing and anti-competitive behaviour in the US food supply chain. The White House announced that the order will establish food supply chain security task forces in the Justice Department and the Federal Trade Commission (FTC). The Administration will act to determine whether anti-competitive behaviour, especially by foreign-controlled companies, increases the cost of living for Americans and address any associated national security threat to food supply chains, Trump said in the order. Anti-competitive behaviour threatens the stability and affordability of America’s food supply.  In recent years, certain companies in the American food supply chain have even settled civil suits accusing them of price fixing for tens of millions of dollars. Food supply sectors, including meat processing, seed, fertiliser and equipment, have similar vulnerabilities to price fixing and other anti-competitive practices, as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!