Trump Plans Legal Action to Break Food Processing Monopoly

Bangla Press Desk:  US President Donald Trump on Friday said he was preparing a legal order ​to allow farmers and ranchers to be ‌given the right to process their own food aimed at breaking what he called “a nasty monopoly” among the nation’s top processors.

​Trump did not name a particular food ​or industry in his post on Truth Social ⁠but said he was “authorizing legal documents to be ​drawn” quickly. Earlier this week, Trump said he would ​see whether there are too many beef processing plant regulations.

Representatives for the White House did not immediately respond to a request for ​more details on the order, which comes as ​consumers continue to grapple with rising grocery prices ahead of ‌November’s ⁠midterm election.

Trump’s move comes as the nation’s meat processing sector grapples with a 75-year trough in supply as rising cattle costs outpace gains from soaring ​prices. Four companies ​control about ⁠85% of US meat processing: Cargill; Tyson Foods, JBS USA and National Beef ​Packing Co.

Trump also announced last week ​that more ⁠ground beef could be imported into the United States without tariffs. The Justice Department has also said it ⁠is ​investigating whether meatpacking companies were ​illegally driving up consumer beef prices.