US EditionTrump says Biden to blame for affordability crisis: ‘I’M FIXING IT’
Trump’s executive order directs DOJ and FTC to investigate price fixing by foreign-controlled firms amid 32% higher grocery costs since 2019, aiming to reduce inflation.
- On Dec. 3, President Donald Trump signed an executive order directing the Department of Justice and Federal Trade Commission to investigate anti-competitive conduct in U.S. food supply chains and establish at least two task forces.
- Polling shows voters are broadly unhappy about affordability after last month's off-cycle losses, with just 33% approving President Donald Trump's economic stewardship and aides noting ratings near 40 percent.
- The order singles out meat processors, seed, fertilizer and equipment companies and highlights JBS and Smithfield Foods, owned by WH Group , amid industry denials of wrongdoing.
- DOJ and FTC will be able to bring enforcement actions, propose regulations, and refer criminal cases to the Office of the Attorney General while Tyson Foods warns of layoffs affecting more than 4,000 workers.
- Politically, the timing reflects a pivot after sagging approval as Mr. Trump will press affordability at a Tuesday rally in Monroe County despite calling complaints a `hoax`.
150 Articles
150 Articles
Hanford Sentinel
The Daily ItemTrump will talk prices at Pennsylvania stop as ally says he has few quick-fix options
WASHINGTON — President Donald Trump will address high prices and a stubborn economy when he stops by a Pennsylvania swing county Tuesday to sell his fiscal message to the battleground state. But one key Senate ally acknowledged there’s little he…
Trump team scrambles to fix sputtering economic pitch as Dems lean in to 'affordability' attacks
President Donald Trump launches economic tour in Pennsylvania to promote his administration's record while criticizing former President Joe Biden's inflation crisis.
Trump to address high prices at Pennsylvania rally
President Donald Trump will address high prices and a stubborn economy when he stops by a Pennsylvania swing county Tuesday to sell his fiscal message to the battleground state. But one key Senate ally acknowledged there’s little he can do with the stroke of a pen or single legislative plan on the issue of affordability. Democratic lawmakers see the topic as a strategic opportunity heading into next year’s midterms, coming on the heels of key w…
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