United States President Donald Trump signed a new executive order on Wednesday aimed at eliminating federal regulations that restrict access to markets. The move is part of a broader initiative by the Trump administration to reduce what it perceives as anti-competitive barriers within multiple sectors of the economy.

The order instructs federal departments and agencies to coordinate efforts with the Federal Trade Commission (FTC), the Department of Justice (DOJ), and the Attorney General. Their goal will be to review and revise existing rules to ensure they do not unfairly hinder market competition or create unnecessary obstacles for businesses looking to enter or expand within various industries.

“This is about ensuring that American businesses, large and small, can compete on a level playing field,” Trump said during the signing ceremony. “We are removing outdated and unnecessary regulations that block innovation, investment, and growth.”

The White House views the new measure as a key component of its economic policy agenda focused on deregulation and free-market expansion. Officials argue that excessive federal rules have long stifled competition, increased costs for consumers, and limited the ability of entrepreneurs to grow their enterprises.

By aligning efforts across agencies, the administration hopes to streamline regulatory frameworks and reduce bureaucratic overlap. The initiative is also intended to promote greater transparency and consistency in how competition-related policies are enforced across federal bodies.

Economic analysts and industry groups are expected to closely monitor how the order is implemented and which regulations may be targeted for removal or revision. Supporters believe the move could foster more robust market dynamics, while critics may raise concerns about potential risks to consumer protections and oversight mechanisms.

As the order takes effect, federal agencies will begin reviewing their regulatory portfolios and submitting recommendations for rule changes. The Trump administration maintains that the ultimate aim is to foster a more dynamic, innovative, and accessible U.S. economy through enhanced competition and reduced red tape.