Conspiracy Theories Newsletter, 2025 Edition: Predictions for Cartel Enforcement Under Trump 2.0

In many ways, criminal antitrust enforcement during President Trump’s first term illustrates what to expect under Trump 2.0. Among other highlights, the Delrahim DOJ obtained indictments and pleas involving public procurement at foreign military bases and launched the Procurement Collusion Strike Force (“PCSF”) to protect taxpayer spending; executives went to trial and were found guilty of collusion involving food and financial services; and the Antitrust Division brought the first criminal cases involving labor-market collusion, pursued investigations involving consumer-facing markets like chicken and healthcare, and implemented policy changes to incentivize investment in antitrust compliance.

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