Trump Takes Credit After ‘Truly Patriotic’ Retail Giant Slashes Prices On Summer Items

President Donald Trump took credit for Walmart cutting prices on summer staples like ground beef and corn on the cob as he continues to pitch his economic message ahead of the midterm elections. 

Trump said Monday that the price cuts were made at his administration’s request and praised the retail giant as a “truly patriotic company.” The cuts come as Trump has battled lingering inflation, including elevated gas prices. 

“Great news! I have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration’s request to celebrate our great Country’s 250th birthday,” the president posted on Truth Social. 

“Walmart will, in particular, be dropping the price for a pound of ground beef by almost 15%, among many other products. This is a huge deal for the many millions of Americans who, smartly, shop at Walmart, which is a truly patriotic Company who loves the U.S.A.,” Trump added. 

Walmart announced after Trump’s statement that the price per pound of beef would be cut by around 12%, from $6.74 to $5.94. The cost of a 2.25 pound bag of red cherries would go to $5.63 from $11.18, and corn on the cob would be $0.25 each instead of $0.68.

Walmart announced that prices on ice cream, potato chips, disposable plates, and soda would also be dropping.

“From backyard barbecues and family vacations to pool days and neighborhood gatherings, the savings are designed to help customers and members make the most of the season while spending less on the products they need, want and love most,” Walmart said. 

Sam’s Club also announced cuts to meat products like chicken wings, hot dogs, ground beef, and pork ribs. 

Trump has pinned inflation on the historic jump in prices during the Biden years. The latest inflation report from May 2026 showed prices rising 4.2% on the year, the largest jump since 2023. Those increases were largely driven by energy price increases driven by the war with Iran. Those prices have started to decline with the average price per gallon now under $4.00 nationally. 

“Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, just like egg and Prescription Drug prices which I am bringing down by historic levels,” Trump said. “Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots.”