Walmart Announces Broad Price Cuts; Trump Seeks Credit

Walmart announced a new round of price cuts on several product categories. The retailer said it will lower prices for beef, produce, drinks, pools, toys, grills and summer clothing. The announcement came as President Donald Trump began claiming credit for the reductions. Trump asserted that his administration’s policies are responsible for the lower prices. Walmart did not link the price cuts to any specific government action. The cuts affect both food items and seasonal merchandise. The move follows Walmart’s pattern of periodic discount promotions. Market observers will track whether the reductions boost the retailer’s sales.