Summary
President Trump has ordered an investigation into whether foreign businesses are causing food prices to rise in the United States. This investigation will involve looking into potential price-fixing and how foreign companies might impact American national or economic security. The administration aims to address public concerns about inflation and food costs.
Key Facts
- President Trump ordered an investigation into food price-fixing, focusing on foreign companies.
- The Justice Department and Federal Trade Commission will create task forces to study this issue.
- The investigation will look at whether foreign control of food industries raises costs or poses security risks.
- The task forces will report their findings to Congress within six months.
- The order allows for criminal charges if price-fixing is found.
- American food production relies heavily on foreign businesses, such as Brazil's Marfrig and China's WH Group.
- Voter concerns about inflation and the cost of living, including groceries, have been increasing.
- Similar investigations into price-fixing have been ordered by previous administrations in response to rising costs.
