Walmart is slashing prices on beef and soda. Trump is taking credit

Photo: President Donald J. Trump attends the Salute to America 4th of July celebrations for America’s 250th anniversary, Saturday, July 4, 2026, on the National Mall in Washington, D.C. Photo credit: Official White House photo by Andrea Hanks via Flickr. US government work. Article by Cris Tolomia. Quartz – July 7, 2026.

Walmart $WMT +0.80% announced price rollbacks on beef, soda, produce, and other summer items this week, as President Donald Trump claimed the cuts came at his administration’s request — a characterization Walmart’s statement did not support. Trump posted on Truth Social that Walmart would lower prices “at my Administration’s request to celebrate our great Country’s 250th birthday,” singling out a roughly 15% drop in ground beef prices. […]

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