The U.S. Department of Agriculture is proposing a new rule to narrow what products qualify for a "Product of USA” or “Made in the USA” label. Now only meat, poultry and egg products from animals "born, raised, slaughtered, and processed in the United States" will make the grade.
Right now, companies can put that label on meat from animals that were raised in a foreign country but slaughtered in the U.S., or meat that was butchered in a different country but repackaged here.
The agency said the change delivers on President Joe Biden's executive order to promote American products and producers, and another order from the administration calling for government action to increase competition in the meat and poultry supply chain.
“American consumers expect that when they buy a meat product at the grocery store, the claims they see on the label mean what they say,” said Agriculture Secretary Tom Vilsack in a press release. “These proposed changes are intended to provide consumers with accurate information to make informed purchasing decisions."
However, the label will continue to be voluntary, and producers still won't need approval by the USDA's Food Safety and Inspection Service (FSIS). Companies just need to keep supporting documentation on file for an inspector to verify at their discretion.
The incoming Fed decision will likely be good news for consumers with high-yield saving options, but bad news for borrowers (like anyone with high credit debt).
Empower your financial future with 'Investing Is Your Superpower' by Shinobu Hindert. Learn how to take control of your finances. No economics degree required
Inflation is still high, and economic activity is starting to slow down. But before you start to panic about stagflation, wait to see this week’s jobs report.
With buildings responsible for over 40% of emissions worldwide, the CEO of Kelvin breaks down how its technology can be used to retrofit traditional radiators.
After battling inflation for years, now U.S. consumers have to prepare for stagflation, and, unfortunately, it could be more complicated to fix than a typical
