President Donald Trump announced that Walmart Inc. (NASDAQ:WMT) will be significantly reducing prices at the request of his administration.
In a Truth Social post on Monday, Trump announced the move to commemorate the 250th anniversary of the United States. The initiative includes price reductions on several products, including a nearly 15% cut in the price of a pound of ground beef.
“Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots,” wrote Trump.
He also took the opportunity to criticize former President Joe Biden for his handling of the economy, particularly the inflation crisis. Trump added that oil prices are falling rapidly, with gas prices also dropping, and claimed his policies are driving down egg and prescription drug prices to historic lows.
Walmart Sales Slowdown Concerns
