Key facts
- President Donald Trump announced Walmart agreed to lower prices on many products after his administration's request.
- Walmart confirmed price reductions on items including ground beef, corn, cherries, ice cream, chips, paper plates, and soda.
- Walmart's statement on price rollbacks made no mention of the administration's involvement.
- Trump claimed Walmart would drop the price of a pound of ground beef by almost 15%.
President Donald Trump announced on social media that Walmart has agreed to lower prices on a range of products following a request from his administration. Trump stated on Truth Social that Walmart would reduce the price of a pound of ground beef by 'almost' 15% and called the retailer a 'patriotic Company'. Walmart confirmed the price reductions in a press release, listing items such as ground beef, corn, cherries, ice cream, chips, paper plates, and 24-packs of soda. The retailer's statement did not mention any involvement from the administration.