President Donald Trump said Monday that Walmart has agreed to lower prices on a range of products after a request from his administration tied to the nation’s 250th anniversary celebrations.
In a post on Truth Social, Trump said Walmart would reduce the price of a pound of ground beef by “almost” 15%.
He did not provide details on when the discounts would begin or which other products would be included. “This is a huge deal for the many millions of Americans who, smartly, shop at Walmart,” Trump wrote.
He called the retailer “a truly patriotic Company who loves the U.S.A.” Walmart confirmed after Trump’s post that it was lowering prices.
The company’s press release did not mention Trump or the White House, though, in a possible nod to the anniversary, it said it will make price cuts across “250 items.” Here is a list of products that will have lower prices, according to Walmart’s statement: “This summer, we’re making even more investments in price, with thousands of Rollbacks across the products customers are shopping for most including beef, fresh produce and beverages, grills, pools, toys and summer fashion apparel,” Julie Barber, Walmart’s Executive Vice President and Chief Merchant US, said in the statement.
Walmart did not immediately respond to a request for comment from Business Insider.
The price cuts will also extend to Sam’s Club, according to Walmart’s statement.
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