President Donald Trump praised Walmart, the largest U.S. grocer, after the company agreed to lower prices for some products at the administration's request. Walmart stated that it is cutting prices to help shoppers save money.
President Trump noted that the lower prices are a result of the administration's request to celebrate the 250th birthday of the United States. Touting the move as a boon to U.S. consumers, the president urged other retailers to follow suit.
The retailer has benefited in part from higher inflation under Trump, as consumers have turned to Walmart's stores and website in search of lower prices.