Trump Is Taking Credit as These Companies Slash Prices - Here's the Full List

On August 6, the White House released a list of companies that are cutting prices to help you keep more cash in your wallet. The list included not only retail giants and grocery store chains, but also prescription drug manufacturers, energy providers, and automakers. The press release credited the Trump Administration with "rebuilding the foundation for lasting prosperity," largely taking credit for the price drops.

The list serves as a guide that may help shoppers save by shopping strategically, but it also makes a political point and has drawn attention from skeptics.

The political framing behind the list

The press release introduces the list with a strong political slant, opening with the statement that Trump "inherited an economy battered by years of inflation that crushed working families." It references the administration's efforts to "restore American energy dominance, slash red tape, and secure fair trade."

Then, it moves on to an even more direct statement taking credit for the fact that companies are lowering prices. "That leadership is producing results," reads the press release. "Across the country, private sector companies are responding to President Trump's call by delivering tangible price reductions on everyday goods and services — putting money back in the pockets of American workers and families."

The press release lists more than 40 manufacturers and retailers that have lowered prices this year.

Walmart and Sam's Club

On July 6, Walmart and Sam's Club announced lower prices would be coming to stores and clubs nationwide. The lower prices span numerous categories, including grocery, household essentials, outdoor living, toys, and apparel.

For example, Walmart dropped the price of its Fresh Sweet Corn on the Cob from $0.68 each to $0.25 each, while Great Value Ice Cream dropped from $2.97 to $2.50.

Sam's Club dropped prices on more than 250 items, including lowering the cost of Member's Mark Bone-In Chicken Wings from $2.88 per pound to $2.00 per pound, while Member's Mark 88/12 Ground Beef dropped from $6.17 per pound to $5.97 per pound.

Costco

In May, Costco announced price cuts on some Kirkland Signature items, including groceries and sports equipment. "Our goal is to be the first to lower prices where we see opportunities to do so," Gary Millerchip, Costco's executive vice president and chief financial officer, said on the earnings call.

The price cuts include Kirkland Signature Crispy Wings, which dropped from $16.99 to $14.99, as well as Kirkland Signature King Size Sheets, which dropped from $89.99 to $79.99.

Stop & Shop

Stop & Shop lowered prices at 46 Long Island Stores and more than 350 stores in Massachusetts, Rhode Island, Connecticut, and New Jersey. The announcement, which came in May, is part of the chain's multi-year transformation strategy, which was announced in 2024.

The grocery chain cut prices on many frequently purchased items, including national brands and private-label products. For example, the price of Nathan's Famous hot dogs dropped from $7.99 to $5.99, while Acme smoked salmon was reduced from $21.99 to $17.99.

Cub Foods

Cub Foods reduced prices on more than 30 grocery products in its Midwestern locations. The prices dropped by about 40% and included items like bread and rotisserie chicken.

PepsiCo

PepsiCo announced it was lowering the prices on many snack items by nearly 15% in February as families geared up for the Super Bowl. The company reduced suggested prices on favorites like Lay's, Doritos, Cheetos, Tostitos, and more.

"This pricing change is part of PepsiCo's broader strategy to increase accessibility and offer more choices for consumers," the announcement read.

C&S Wholesale Grocers

On July 27, CS Wholesale Grocers, LLC announced it had lowered prices on thousands of groceries, such as fresh meats, produce, and vegetables. Those price cuts were implemented throughout its grocery stores, including Family Fare, VG's Grocery, Martin's Super Markets, and Piggly Wiggly. The lower prices are 6% to 15% less than the original prices and can be found in stores in Indiana, Iowa, Michigan, Minnesota, Nebraska, North Dakota, South Dakota, and Wisconsin.

Question about the Trump Administration's credit claims

The White House's press release clearly claims credit for the price drops, but there's little evidence to suggest that the retailers dropped prices in response to any request by Trump.

When Walmart announced its lower prices in July, Trump posted on Truth Social the same day. "I have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration's request to celebrate our great County's 250th birthday," he wrote.

Walmart didn't acknowledge any request from the administration to lower prices, and retailers regularly lower prices in an effort to compete for business and retain their market share. Additionally, the timing of many of these price drops could indicate that the sales are just standard summer and back-to-school promotions.

Bottom line

Regardless of whether the Trump Administration is responsible for the price cuts, lower prices on essentials like groceries and household staples may offer shoppers some welcome relief. Check with your local store to verify that the store is honoring the cuts and that the lower prices are still in effect.

These price cuts may help you save, so go shopping prepared with a list to keep more of your money.

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