"I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation, Trump wrote in the social media post. We will always protect our American Ranchers, and they are being blamed for what is being done by Majority Foreign Owned Meat Packers, who artificially inflate prices, and jeopardize the security of our Nation's food supply, he continued."
"Action must be taken immediately to protect Consumers, combat Illegal Monopolies, and ensure these Corporations are not criminally profiting at the expense of the American People, he said. Last month, Trump suggested the US would buy Argentine beef to bring down stubbornly high prices for American consumers, angering U.S. cattle ranchers. Beef prices have soared in part after drought and years of low prices led to the smallest US herd size in decades. Trump's tariffs on Brazil, a major beef exporter, have also curbed imports."
Donald Trump accused majority foreign-owned meat packers of illicit collusion, price fixing and price manipulation and asked the Department of Justice to open an immediate investigation. He claimed American ranchers are being blamed while foreign-owned packers artificially inflate prices and jeopardize the nation's food supply. Trump offered no proof for the allegations. He called for action to protect consumers, combat illegal monopolies and prevent criminal profiteering. He previously suggested buying Argentine beef to lower US consumer prices, a suggestion that angered U.S. cattle ranchers. Beef prices rose after drought and low prices shrank the US herd; tariffs on Brazil also reduced imports. Biden and Harris promoted measures to increase competition and curb price gouging.
Read at www.theguardian.com
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