US Edition
Trump Revokes Biden Antitrust EO Targeting Monopolies
Trump rescinded Biden’s 2021 order promoting competition, shifting to an "America First Antitrust" approach that aims to reduce regulatory barriers, Justice Department said.
- On Wednesday, U.S. President Donald Trump withdrew Joe Biden’s 2021 directive aimed at enhancing market competition across the American economy.
- Biden's order aimed to curb monopolies and anti-competitive practices across sectors like agriculture, drugs, and labor, but Trump’s revocation unwinds this initiative.
- The Justice Department welcomed Trump's move, calling Biden's approach overly prescriptive and stating it will pursue an 'America First Antitrust' policy focused on free markets.
- Assistant Attorney General Abigail Slater stated that the America First Antitrust initiative aims to strengthen the role of individuals within free markets rather than increasing the power of regulators and bureaucrats to dictate outcomes.
- Trump’s revocation suggests a regulatory shift toward tailored executive orders lowering drug prices and reducing barriers, while critics warn it sacrifices protections for workers and consumers.
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17 Articles
As U.S. President Joe Biden wanted to take action against corporate abuse, an order was well received by the citizens. Successor Donald Trump is now going another way.
Trump Rescinds Biden’s Order on Promoting Economic Competition
President Donald Trump signed a brief executive order on Aug. 13 revoking an order from his predecessor that directed agencies to crack down on anti-competitive practices in industries like pharmaceuticals and labor. In July 2021, President Joe Biden signed an order urging federal agencies to address rising consumer costs, focusing on labor, health care, technology, and agriculture. Referring to antitrust laws as the “first line of defense again…
US President Donald Trump has collected a decree from his predecessor Joe Biden to restrict the market power of large companies. The Justice Department praised the move as a strengthening of free markets, critics warn of higher costs for consumers.
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