New York [US], July 8: 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's involvement in its decision.
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 "a yawn" and tried to blame the Democrats for inflation staying elevated.
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. "I 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's request to celebrate our great Country's 250th birthday," Trump said. "Walmart will, in particular, be dropping the price for a pound of ground beef by almost 15%, among many other products." 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 quarterly earnings released in May.
The company, in a statement issued Monday after the president's post, said its price rollbacks at Walmart and Sam's Club "are designed to help customers and members make the most" of the summer season. There was no mention of any interaction with the administration and the company did not publicly comment on Trump's claims.
The statement noted price cuts for ground beef, corn, red cherries, ice cream, potato chips and Coca-Cola and Pepsi products. 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.
Trump has famously used Walmart as a barometer of the American consumer, telling the company in May 2025 that it needed to "eat" the cost of tariffs that he had unilaterally imposed.
"Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain," Trump posted a little over a year ago. "Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I'll be watching, and so will your customers!!!"
Source: Qatar Tribune
