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President Donald Trump on Monday sought to take credit for recent price cuts by Walmart, but a statement by the retailer made no mention of the administration\u2019s involvement in its decision.<\/p>\n
The president has faced public backlash over inflation rising during his watch, as prices climbed initially in the aftermath of his tariffs and later with the start of the Iran war in late February. Trump described a recent bipartisan measure to trim housing costs as\u00a0\u201ca yawn\u201d\u00a0and tried to blame the Democrats for inflation staying elevated.<\/p>\n
Going into the November midterm elections for control of Congress, Trump has sought to deride Democrats as communists who would have the government interfere with private companies. But in his social media post about Walmart, he said the business had trimmed prices at the specific request of his administration.<\/p>\n
\u201cI have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration\u2019s request to celebrate our great Country\u2019s 250th birthday,\u201d Trump said. \u201cWalmart will, in particular, be dropping the price for a pound of ground beef by almost 15%, among many other products.\u201d<\/p>\n
Walmart has benefited in part from higher inflation under Trump, as consumers have turned to its stores and website in search of lower prices, according to its\u00a0quarterly earnings released in May.<\/p>\n
The company, in a statement issued Monday after the president\u2019s post, said its price rollbacks at Walmart and Sam\u2019s Club \u201care designed to help customers and members make the most\u201d of the summer season. There was no mention of any interaction with the administration and the company did not publicly comment on Trump\u2019s claims.<\/p>\n
The statement noted price cuts for ground beef, corn, red cherries, ice cream, potato chips and Coca-Cola and Pepsi products.<\/p>\n
Inflation for consumer prices has climbed 4.2% over the past 12 months, meaningfully higher than the 3% rate Trump inherited, according to the Bureau of Labor Statistics. Some inflationary pressures may ease as the interim ceasefire deal with Iran has led to lower oil prices as more tankers can travel through the Strait of Hormuz.<\/p>\n
Trump has famously used Walmart as a barometer of the American consumer, telling the company in May 2025 that it needed to\u00a0\u201ceat\u201d the cost of tariffs\u00a0that he had unilaterally imposed.<\/p>\n
\u201cWalmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,\u201d Trump posted a little over a year ago. \u201cWalmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, \u2018EAT THE TARIFFS,\u2019 and not charge valued customers ANYTHING. I\u2019ll be watching, and so will your customers!!!\u201d<\/p>\n<\/div>\n
#Trump #Walmart #cut #prices #request #Walmart #doesnt #mention #president<\/p>\n","protected":false},"excerpt":{"rendered":"
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