President Donald Trump has emphasized Walmart's decision to lower prices as part of his administration's efforts to address inflation. This move comes as voters express concerns about rising grocery costs ahead of the November midterm elections.
On July 6, Trump announced on Truth Social that Walmart would reduce prices on several products at the request of the U.S. government.
He stated, "I have been informed that Walmart will significantly lower prices in time for the 250th anniversary of our nation," calling it "great news."
Trump specifically noted that the price of ground beef would drop by nearly 15%. However, Walmart's actual price reduction for ground beef is from $6.74 to $5.94 per pound, a decrease of about 12%. At its warehouse chain Sam's Club, the price for its private label ground beef will also fall from $6.17 to $5.97 per pound.
Walmart announced that it would apply discounts to thousands of items, including groceries, beverages, household goods, clothing, and toys, in response to high customer demand this summer. Items such as cherries, corn, ice cream, potato chips, Coca-Cola, and Pepsi are among those included in the price cuts.
However, Walmart did not directly mention the White House or Trump in its official announcement. The company described the price reductions as an investment to ease the burden on customers for frequently purchased items. In contrast, Trump praised Walmart as a "true patriotic company" and urged other retailers to follow suit.
This announcement comes as grocery prices remain a significant concern for American consumers. Beef prices, in particular, have remained high due to rising feed costs from drought and a decrease in cattle numbers. Trump has claimed that prices for oil, eggs, and prescription drugs are also declining, highlighting his administration's efforts to stabilize prices.
The cost of living continues to be a key issue for voters as the midterm elections approach. Walmart's price cuts can be seen as part of the White House's strategy to directly address the cost of living concerns.
* This article has been translated by AI.
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