In its first months, the Trump administration’s competition policy is off to a fast start. Its antitrust enforcers have disavowed expansive rulemakings and prioritized growth to reduce the national debt.
As it settles, the administration should continue to target the nation’s most critical concerns, including regulatory excess, foreign protectionism, and China. By working with U.S. companies, rather than against them, the administration can preserve American values, security, and global leadership.
More Enforcement, Less Bureaucracy
The U.S. devotes two agencies to competition policy: the Department of Justice’s (DOJ) Antitrust Division and the Federal Trade Commission (FTC), an “independent” agency. For reasons both fiscal and constitutional, the administration should support efforts to transfer the FTC’s functions to DOJ and eventually eliminate the duplicative agency.
The FTC’s chairman, Andrew Ferguson,
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