President Donald Trump is rolling back Biden administration regulations on refrigerators in a bid to lower grocery prices for consumers. Grocery prices have increased since the war in Iran, as fuel and fertilizer prices have risen. In an effort to lower costs, Trump and Environmental Protection Agency Administrator Lee Zeldin announced at the White House on Thursday an overhaul of Biden administration refrigerator rules that they argued would save businesses and consumers $2.4 billion per year. “Thanks to today’s reforms, the American people will have lower grocery prices, cheaper transportation of goods, lower cost of air conditioning, at no detriment at all to our country, zero, including environmental detriment,” Trump said in the Oval Office.

During his 2024 campaign, Trump vowed to lower grocery prices for consumers. However, grocery prices rose 2.9% over the past year, according to the Bureau of Labor Statistics’s latest Consumer Price Index report, which noted that food prices rose 0.5% in April alone.

The EPA, specifically, would revise the Biden administration’s 2023 Technology Transitions Rule by extending the deadlines for groceries and other companies to phase out the use of hydrofluorocarbons, USA Today reported. A White House official confirmed the report to the Washington Examiner. HFC is a synthetic gas widely used in cooling systems that is classified as a “super pollutant.”