President Trump has instructed the Department of Justice to "immediately" initiate an investigation into meat packing companies, claiming they are responsible for driving up the price of beef. This directive comes amid rising beef prices, which have been attributed to tariffs and farming subsidies affecting imports from Argentina.
Despite Trump"s assertions, there is no evidence suggesting that the meat packing industry is conspiring against him. The increase in beef prices has raised concerns among consumers and industry stakeholders alike.
For further context on economic trends, recent developments in the manufacturing sector show a decline, as the US Manufacturing PMI falls to 48.7, marking the eighth month of contraction.
This investigation into the meat packing industry reflects ongoing challenges within the agricultural and economic landscape in the United States.
