DELIVERING A WIN FOR AMERICAN FAMILIES AND LOWERING THE COST OF LIVING: Today, President Donald J. Trump terminated the Biden Administration's ridiculous regulations that imposed burdensome and costly requirements on refrigerators and air conditioners. These regulations needlessly and substantially increased the price of transporting and storing refrigerated goods, driving up the price of food and other items Americans buy every day.
- The Environmental Protection Agency (EPA) finalized revisions to the 2023 Technology Transitions Rule to extend compliance deadlines for the use of hydrofluorocarbons, making a wider variety of more affordable refrigerants available to businesses.
- President Trump is also proposing a correction to the 2024 Emissions Reduction and Reclamation Rule that imposed crippling leak repair requirements on virtually all existing large-scale refrigeration systems-hurting consumers and small businesses across the country. These higher costs threatened thousands of jobs and were passed on in the form of higher prices.
- Together, this added flexibility will have positive impacts on supermarkets, home air conditioning systems, semiconductor chip manufacturing, and medical supply transportation, lowering operating costs which in turn will result in lower costs for consumers.
REVERSING UNNECESSARY REGULATION TO ENHANCE ECONOMIC OPPORTUNITY: President Trump is rolling back costly Biden-era policies that imposed regulatory burdens disproportionate to any benefit, restoring economic freedom for families and businesses.
- Today's actions will save Americans a total of $2.4 billion, delivering critical relief from the crippling costs the Biden Administration imposed on grocery stores, businesses, and ultimately, American families.
- Changes to the Technology Transitions Rule will safeguard over 350,000 high-skilled American jobs, save Americans over $900 million dollars - including over $800 million at the supermarkets - and lower food prices across the Nation.
- EPA estimates that the changes to the Emissions Reduction and Reclamation Rule could save transporters of refrigerated goods, including food, up to $1.5 billion.
INVESTING IN AMERICA'S FOOD SUPPLY: President Trump continues to encourage investment in America's food supply chain and an aggressive deregulatory agenda, spurring lower grocery and living costs.
- Earlier this week, President Trump announced a new Small Business Administration (SBA) rule that doubles cumulative 7(a) and 504 loan limits to $10 million, expanding the impact of SBA's "Grocery Guarantee", which is reducing grocery costs for consumers by providing 90% Federal guarantees to eligible loans that expand food production.
- Immediately upon returning to office, President Trump launched a 10-to-1 deregulation initiative, ensuring every new rule is justified by clear benefits.
- In December, President Trump unveiled a historic reset of the Biden Administration's costly and unlawful Corporate Average Fuel Economy (CAFE) standards to levels that can actually be met with conventional gasoline and diesel vehicles, saving American families $109 billion in total over the next five years.
- In December, President Trump signed an Executive Order to stop price fixing, anti-competitive behavior, and foreign influence that drives up grocery prices and threatens the security of America's food supply.
- In February, President Trump repealed the disastrous Obama-era Endangerment Finding, avoiding over $1 trillion in costs for Americans.
- In February, President Trump temporarily increased the U.S. tariff-rate quota for lean beef trimmings to boost supply and make ground beef affordable for American consumers despite current supply challenges.
- Cumulatively, President Trump's deregulatory agenda saves Americans over $1.2 trillion.
