President Donald Trump signed an executive order on Dec. 6 establishing security task forces within the Justice Department and Federal Trade Commission (FTC) to protect competition across the U.S. food supply chain.
The security task forces would work towards addressing risks from anti-competitive behavior and price fixing, according to Trump’s order, titled “Addressing Security Risks From Price Fixing and Anti-Competitive Behavior in the Food Supply Chain.”
The order states that anti-competitive behavior in the food industry, particularly by “foreign-controlled corporations,” poses a threat to the “stability and affordability” of the U.S. food supply chain. It adds that some companies in the U.S. food supply chains have “even settled civil lawsuits accusing them of price fixing for tens of millions of dollars.”…