White House defends Trump after Walmart price-cut claim proves premature
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The White House responded to President Trump’s claim that his administration prompted Walmart to cut prices, after the retailer said the discounts were already planned before his post.
President Donald Trump posted on Truth Social that Walmart would lower prices, including a 15% cut to beef, at the request of his administration. Walmart later told a media outlet that the price reductions had been in effect for a week before Trump’s statement and were part of its regular summer "Rollbacks" promotion.
A senior White House deputy press secretary said the announcement was a "big win for Americans" and accused the media of trying to undermine good news. The spokesperson also claimed the administration maintains close contact with retailers to ensure savings reach consumers.
The Wall Street Journal reported that an Agriculture Department official had urged major grocers to reduce beef prices, but Walmart told the agency it had already scheduled the cuts, which began on June 29. Walmart’s chief financial officer said the company’s priority was to invest in customers and price, especially after anticipating tariff refunds following a Supreme Court decision that struck down certain import levies.