▲ U.S. President Donald Trump
U.S. President Donald Trump announced on July 6 (local time) that Walmart, the world's largest retailer, has decided to significantly lower product prices at the request of his administration.
President Trump stated on his social media platform, Truth Social, that day, "I have just been informed that Walmart, one of the biggest, best, and smartest retailers in the U.S., will be lowering prices substantially, in honor of our 250th Anniversary, at the request of my Administration," adding, "Great news!"
President Trump emphasized, "In particular, Walmart will be lowering the price of one pound (454g) of ground beef by almost 15% among many other items," and noted, "This is a big deal for the millions of Americans who wisely shop at Walmart."
Praising Walmart as a truly patriotic company, President Trump urged, "Walmart is stepping up in a big and bold way, and other retailers should follow their lead."
President Trump claimed that high inflation was a result of the Joe Biden administration's failures, asserting that prices for oil, eggs, and prescription drugs are falling.
This move is interpreted as an effort to directly pressure retailers to prevent surging prices of daily necessities from further fueling voter dissatisfaction ahead of the November midterm elections.
In particular, Walmart is a major retailer frequently visited by Americans, stocking virtually all daily necessities from groceries to home appliances and clothing, making it a place where U.S. consumers can relatively clearly feel the effects of price cuts on essential goods.
In the midterm elections, the response to inflation is a crucial benchmark that influences voter sentiment.
Since the United States reached an agreement on a memorandum of understanding (MOU) to end the war with Iran last month, oil prices have shown signs of stabilizing, but inflation remains high.
(Photo: AP, Yonhap News)
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