Trump revokes Biden-era order on competition, White House says
Source: Reuters
August 13, 2025 9:01 PM EDT Updated 11 hours ago
WASHINGTON, Aug 13 (Reuters) - U.S. President Donald Trump on Wednesday revoked a 2021 executive order on promoting competition in the U.S. economy issued by his predecessor Joe Biden, the White House said. The move by Republican Trump further unwinds a signature initiative by Biden, 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. It said it was also making progress in streamlining the Hart-Scott-Rodino Act (HSR) review process of mergers and reinstating more frequent use of targeted and well-crafted consent decrees.
Biden signed a sweeping executive order in July 2021 to promote more competition in the U.S. economy as part of a broad push to rein in what his administration described as a pattern of corporate abuses, ranging from excessive airline fees to large mergers that raised costs for consumers.
The initiative, which was very popular with Americans, was championed by top Biden economic officials, many of whom had previously worked for or with Senator Elizabeth Warren, who played a key role in creating the Consumer Financial Protection Bureau under former President Barack Obama. Trump has attacked that agency since taking office, announcing plans to shrink its workforce by 90%.
Read more: https://www.reuters.com/world/us/trump-revokes-biden-era-order-competition-white-house-says-2025-08-13/
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