Move further unwinds initiative to crack down on anti-competitive practices in agriculture, drugs and labor

Donald Trump on Wednesday revoked a 2021 executive order on promoting competition in the US economy issued by Joe Biden, the White House said.

The move by the Republican US president further unwinds a signature initiative by his predecessor, a Democrat, to crack down on anti-competitive practices in sectors from agriculture to drugs and labor.

The justice department welcomed Trump’s revocation of the order, saying it was pursuing an “America first antitrust” approach focused on free markets instead of what it called the “overly prescriptive and burdensome approach” of the Biden administration.