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Peter Navarro: “Both General Blanch and Secretary Rollins have alluded to…”

Featuring: Peter Navarro, Republican | Senior Counselor for Trade and Manufacturing, Trump Administration | National

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DOJ announces antitrust probe of major meatpackers over beef prices

Published | Video Starts at 15:51

But the biggest thing, in my judgment that we're suffering from, particularly in the beef market, but also General Blanch mentioned chicken and turkey and pork, is industry concentration. Both General Blanch and Secretary Rollins have alluded to this 85% control. I'll give you the nerd view. As an economist who was in antitrust for a while, there's this thing that four firms is a magic number. (15:51–15:58)

CLAIM

Asserts that there is an 85% control in the beef market.

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