Trump Rescinds Biden’s Order on Promoting Economic Competition

The Biden-era order stated that a pattern of corporate abuses, particularly large mergers or ‘monopolies,’ were raising costs for consumers in several sectors.

U.S. President Donald Trump signs an executive order in the Roosevelt Room of the White House in Washington on July 31, 2025. Anna Moneymaker/Getty Images

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.