Trump's Executive Order: Safeguarding America's Food Supply Chain

U.S. President Donald Trump has signed an executive order to form task forces within the Justice Department and the FTC to safeguard food supply chains. The initiative aims to investigate and address price fixing and anti-competitive behavior that could affect national security and Americans' cost of living.

President Donald Trump has taken a decisive step to bolster the security of the U.S. food supply chain by signing an executive order. The directive seeks to form task forces within the Justice Department and the Federal Trade Commission (FTC) to probe and mitigate risks originating from price fixing and anti-competitive practices.

The White House announced the move on Saturday, highlighting the administration's commitment to protect Americans from potential economic and national security threats arising from these issues. The president's order specifically targets behavior by foreign-controlled entities that may contribute to rising living costs.

The executive order empowers the attorney general and the FTC chairman to launch enforcement actions or propose new regulations should they discover any anti-competitive behaviors during their investigations. This marks a significant step in curbing harmful practices within the market and ensuring stability in food supply chains.

(With inputs from agencies.)