President Donald Trump on Thursday announced a rollback of Biden-era refrigerant regulations, arguing the changes will lower grocery prices, reduce air-conditioning costs and ease financial pressure on businesses and consumers.

At a White House event alongside grocery executives and Environmental Protection Agency Administrator Lee Zeldin, Trump said the administration was terminating "costly requirements on refrigerators and air conditioners" that increased the cost of transporting and storing refrigerated goods.

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"These regulations needlessly and substantially increased the price of transporting and storing refrigerated goods, driving up the price of food and other items Americans buy every day," the White House said in a fact sheet released Thursday.

The EPA finalized revisions to the 2023 Technology Transitions Rule and proposed changes to the 2024 Emissions Reduction and Reclamation Rule. The administration said the changes would expand access to lower-cost refrigerants and delay compliance requirements for businesses.