Trump signs order to create food supply chain task forces to protect competition

U.S. President Donald Trump has signed an executive order to establish food supply chain security task forces in the Justice Department and the Federal Trade Commission (FTC) to address risks from price fixing and anti-competitive behavior, the White House said on Saturday.

"My Administration will act to determine whether anti-competitive behavior, especially by foreign-controlled companies, increases the cost of living for Americans and address any associated national security threat to food supply chains," Trump said in the order.

The attorney general and the FTC chairman may bring enforcement actions and propose new regulatory approaches if they uncover anti-competitive behavior during the investigation, according to the order.

-Nandita Bose and Bhargav Acharya