This is what Donald Trump is talking about with our beef industry
JBS is the largest meat packing company in the world, they’re foreign owned and have been charged with price fixing and bribing government officials MULTIPE TIMES overseas
Now they’re doing it in America
“Brazilian owned JBS just got the green light to go public in the New York Stock Exchange. What this means for future markets in the beef, pork and poultry industry and why this potentially could be a bad idea. Let's go through it.
- Number one, a greater foreign influence in the U. S Food supply they're going to have and establish enough power to control and dominate the US Meat market. National security and food sovereignty issues are going to be up on the table.
- Number two, JBS has been involved in major corruption scandals with price fixing and bribery both here in the United States and in Brazil. If you guys want quick Google search, go look it up for yourselves
- Number three, with more capital and more influence within the U. S markets, they can engage in aggressive price tactics which would be undercutting the local small producers and forcing out the competition.
Let me know what you guys think about this. This could be bad, could be good. I'm curious to see what y' all think. Let me know down in the comments below. And as always guys, buy American, buy local.”