[Trump Pressures Retailers to Cut Prices to Fight Inflation, Demands Supermarkets Lower Beef Prices] BlockBeats News, July 8, according to WSJ reports, the Trump administration recently directly pressured major supermarket chains such as Walmart, Kroger, and Albertsons to lower beef prices during the U.S. Independence Day shopping season to alleviate food inflation pressures. Subsequently, Walmart announced price reductions on thousands of products, with ground beef prices dropping by up to 12%. Trump later posted that Walmart reduced prices 'at the government's request' and called on other retailers to follow suit. This move is part of the Trump administration's measures to control inflation. In addition to pushing for food price cuts, Trump previously called for lower gasoline prices, restrictions on credit card interest rates, and reductions in drug prices, aiming to ease voter dissatisfaction with high prices ahead of the midterm elections. However, the U.S. cattle inventory is at its lowest level in 75 years, and tight supply continues to drive up beef prices. In May, U.S. ground beef prices rose 12% year-on-year, indicating that food inflation pressures have not been fully alleviated. [Original Link]