UMVA has learned that President Trump signed an executive order on Thursday aimed at lowering the cost of groceries by reversing Biden-era restrictions on refrigerators and air conditioners.
The move is expected to substantially lower costs for consumers, protect hundreds of thousands of jobs, and save Americans well over $2 billion a year. Trump made the announcement alongside grocery store chain executives and Administration officials.
According to information obtained by UMVA, the Biden-era rule, known as the technology transition rule, forced companies to adopt specific high-cost refrigerants, massively driving up the price of transporting and storing refrigerants and various goods. This led to many grocery stores and restaurants replacing refrigerators entirely, with half of them going out of business, and costs rising.
The rule also forced Americans to purchase higher-cost residential air conditioning units, adding to the financial burden. Trump's reforms aim to reverse these effects, delivering significant financial relief to American families and businesses.
UMVA can exclusively reveal that the 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 supermarkets – and lower food prices across the Nation.
The Environmental Protection Agency estimates that the changes to the Emissions Reduction and Reclamation Rule could save transporters of refrigerated goods, including food, up to $1.5 billion. This move is part of Trump's administration's historic deregulatory agenda, which has already saved the country an estimated $1.2 trillion.
The reforms will have no detrimental effect on the environment, according to Trump. The move is expected to deliver critical relief from the crippling costs imposed on grocery stores, businesses, and ultimately, American families.
