Trump Rescinds Biden Competition Order, Shifting Antitrust Policy

President Donald Trump on 13 August revoked the 2021 executive order on promoting competition in the U.S. economy that had been signed by his predecessor, Joe Biden, the White House confirmed. Biden’s order—titled “Promoting Competition in the American Economy”—directed federal agencies to strengthen antitrust enforcement and curb consolidation across industries such as agriculture, technology and pharmaceuticals. It also sought to address concentration in labor and healthcare markets, arguing that reduced competition had contributed to higher prices and lower wages. Trump’s action eliminates those directives, marking a significant shift in federal antitrust policy. The administration has not yet detailed whether new guidance will replace the rescinded order or how agencies will adjust ongoing competition reviews.