I thought, the food market in the US has been fairly competitive!
As an economist, I am not sure where President Trump is going with this!
However, it is possible that the food markets are rigged to some extent, perhaps in some segments of the market or specific products (e.g. ice cream, milk seems to be fairly expensive and there is little competition).
"President Trump signed an order launching new federal task forces to crack down on suspected price fixing and anti-competitive practices in the food industry.
The Justice Department and Federal Trade Commission will investigate whether big players, including foreign-owned companies, are driving up grocery bills or threatening the security of the nation’s food supply. ..."
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