US EditionTrump Accuses Foreign-Owned Meat Packers of Inflating US Beef Prices and Calls for Investigation
Trump alleges foreign-owned meat packers inflate U.S. beef prices and calls for a Department of Justice probe into illicit collusion and price manipulation.
- On Friday, President Donald Trump accused foreign-owned meat packers of driving up U.S. beef prices and asked the Department of Justice to open an investigation.
- Drought and trade moves have contributed to rising beef costs as drought and the smallest U.S. herd in decades, plus tariffs on Brazil, have tightened supply, while last month Trump proposed buying Argentine beef, angering American cattle ranchers.
- Despite lacking proof, President Donald Trump urged DOJ intervention, stating in a social media post that 'Action must be taken immediately to protect Consumers' against alleged Illegal Monopolies by Meat Packing Companies.
- The move intensified bipartisan debate over food prices as Trump's accusations renewed a bipartisan presidential fight and highlighted Then-Vice President Kamala Harris's last year campaign vows to crack down on alleged price manipulation.
- The development raises stakes for consumers and ranchers as tight herds and U.S. trade policy constrain beef supply, while a DOJ probe could escalate scrutiny of the meat industry.
96 Articles
96 Articles
President Donald Trump ordered a federal investigation into the meat-packing industry, holding “foreign-majority” companies responsible for the increase in beef prices. Trump asked the Justice Department (DOJ) to “start immediately” the investigation against meat processors, which he accused of collusion, manipulation and pricing, according to a social media publication. The actions of Brazil’s JBS NV, the world’s largest meat company, fell to 6…
President Donald Trump accuses foreign-owned meat packers of inflating US beef prices and calls for investigation
WASHINGTON — President Donald Trump on Friday accused foreign-owned meat packers of driving up the price of beef in the U.S. and asked the Department of Justice to open an investigation. The Republican president announced the move on social media days after his party suffered losses in key elections in which the winning Democratic candidates focused relentlessly on the public’s concerns about the cost of living. “I have asked the DOJ to immediat…
Trump orders DOJ to investigate meatpacking companies for 'illicit collusion' amid rising beef prices
President Trump announced Friday that he has directed the Department of Justice (DOJ) to launch an investigation into major meatpacking companies, accusing them of driving up beef prices through "illicit collusion, price fixing and price manipulation."In a post on Truth Social, Trump said the move is intended to protect American ranchers and consumers from what he described as unfair practices by "majority foreign-owned meat packers.""I have ask…
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