Walmart To Lower Prices In Response To Trump Administration’s Affordability Push

President Donald Trump has announced that at his request, the nation’s largest retailer, Walmart, is set to lower prices by a lot. The move is just the latest in a series of steps Trump is taking to combat the affordability crisis.

In a Monday evening post, the President explained how Walmart will be making many products more affordable:

Great news! 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 Country’s 250th birthday. Walmart will, in particular, be dropping the price for a pound of ground beef by almost 15%, among many other products. This is a huge deal for the many millions of Americans who, smartly, shop at Walmart, which is a truly patriotic Company who loves the U.S.A. My Administration is lowering prices that Joe Biden incompetently raised with the worst inflation crisis in history, a total disaster along with the Southern Border, the botched withdrawal from Afghanistan, and many other failures. Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, just like egg and Prescription Drug prices which I am bringing down by historic levels. Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots. Together, we will make America stronger and greater than ever before! President DONALD J. TRUMP

The administration has taken several steps to combat the affordability crisis in America.

In June the administration “rescinded regulations concerning greenhouse gas emissions for light-, medium-, and heavy-duty vehicles, and affirmed the right to fix agricultural and non-road equipment,” which aims to reduce the production costs of farmed products, such as food.

In April the administration announced its Working Families Tax Cuts:

Here’s how the Working Families Tax Cuts is delivering real results for the American people:

• Bigger Refunds: The average refund this filing season is over $3,400 – 11% higher than last year, and 19% higher than the average return over the prior 4 years.
• Broad-Based Relief: This landmark legislation is putting more money back into Americans’ pockets and providing real relief. We’ve seen an overwhelming adoption of the President’s key tax priorities, with 53 million Americans (45% of all filers)benefiting from at least one of President Trump’s signature new tax cuts.
• No Tax on Tips: More than six million Americans have claimed No Tax on Tips, with an average deduction of over $7,100, providing meaningful relief to service workers who rely on gratuities.
• No Tax on Overtime: Over 25 million Americans have benefited from No Tax on Overtime, with an average deduction of over $3,100. Even legacy media outlets admit this tax provision is wildly popular, including among Democrats.
• No Tax on Social Security: A new deduction made possible by the Working Families Tax Cuts ensures an overwhelming majority of seniors will pay no tax on their Social Security income as a result of deductions exceeding taxable social security income. Over 30 million seniors have claimed this deduction, with an average deduction of over $7,500.
• Simpler Filings: Over 105 million filers have claimed the permanently Doubled Standard Deduction, simplifying tax filing for millions across America.
• Small Business Relief: Nearly 12 million small business owners are seeing an average tax reduction of nearly $7,000, while the permanent extension of the 20% Qualified Business Income deduction is delivering $4,600 in average relief to eight million entrepreneurs.
• Investing in the Next Generation: Parents of nearly five million children have claimed Trump Accounts on their returns – tax advantaged savings accounts that give the next generation a jumpstart on saving.
• Enhanced Child Tax Credit: Over 34 million families have claimed the enhanced Child Tax Credit, which is permanently doubled and expanded by the Working Families Tax Cuts.
• Made-in-America Tax Breaks: More than one million Americans have claimed No Tax on Car Loan Interest, with an average deduction of over $1,800. This deduction is helping families afford reliable transportation while boosting U.S. auto jobs.
• Ensuring Tax Dollars Benefit Americans, Not Illegals: The Working Families Tax Cuts Act ensures American taxpayers are no longer funding benefits for illegals.
• Fueling Business Investment: The restoration of immediate deductibility for research and development expenses — applied retroactively — is freeing up $100 billion in prior-year deductions for tens of thousands of businesses, while full expensing allows companies to write off investments immediately, improving cash flow and fueling expansion.
• Supporting Family Farms: By raising the death tax exemption—increasing the amount family farms can inherit without paying taxes—two million family farms are being protected from excessive taxation.
• Incentivizing Adoption: The Working Families Tax Cuts Act significantly boosted tax incentives for families adopting from foster care, making up to $5,000 of the Adoption Tax Credit refundable.
• Improved Housing Affordability: The expanded low-income housing tax credit is incentivizing the construction of affordable homes for American families.

In March the administration changed regulations to enable community banks to draft more mortgages to credit-worthy borrowers, allowing more qualified Americans to buy a home.

“Every American seeking to buy a home should have access to a mortgage from a reliable lender, at a rate commensurate with his or her creditworthiness. Over the past two decades, however, statutory and regulatory changes — including rules adopted under the Dodd‑Frank Act, Public Law 111-203, and subsequent rulemakings — have increased the compliance costs of mortgage origination and servicing and distorted the structure of the mortgage market. These burdens have contributed to a significant decline in bank participation in mortgage lending. Community banks, generally institutions with fewer than $30 billion in assets, have been especially affected. The regulatory and rule changes have undermined community banks’ businesses, concentrated credit and liquidity risk outside the banking system, and resulted in reduced access to credit for some creditworthy borrowers, including rural households and low- and moderate-income households. My Administration will reduce these regulatory burdens to ensure that these creditworthy borrowers can access the capital required to purchase a home,” The White House said.

The administration also secured corporate commitments to keep electricity rates down amid the rapid AI data center buildout.

“Under President Donald J. Trump’s leadership, America’s leading AI and technology companies gathered at the White House to sign the Ratepayer Protection Pledge. This landmark commitment — first announced by President Trump in his State of the Union address — ensures the rapid growth of AI data centers powers American innovation without raising electricity costs for families and communities,” the White House said.

In February the administration announced rents hit a four-year low.

In January Trump stopped large corporations from competing against Americans for homes:

STOPPING WALL STREET FROM COMPETING WITH MAIN STREET HOMEBUYERS: Today, President Donald J. Trump signed an Executive Order to protect the American Dream by making sure that large institutional investors do not buy single-family homes that could otherwise be purchased by families.

• The Order directs key agencies to issue guidance preventing relevant Federal programs from approving, insuring, guaranteeing, securitizing, or facilitating sales of single-family homes to institutional investors.
• The Order instructs key agencies to promote sales to individual owner-occupants through first-look policies (which give individuals and other non-institutional investors the opportunity to buy foreclosed properties before investors do), disclosure requirements, and anti-circumvention measures.
• The Order directs the Secretary of the Treasury to review rules and guidance that relate to large institutional investors acquiring or holding single-family homes.
• It directs the Attorney General and the Chairman of the Federal Trade Commission to review acquisitions by large institutional investors for anti-competitive practices and prioritize enforcement against certain of those practices by institutional investors in the single-family home rental market.
• The Order directs the Secretary of Housing and Urban Development to identify potential large institutional investor involved in Federal housing assistance programs by demanding disclosure of ownership in single-family rentals. 
• The Order tasks the White House with preparing legislative recommendations to codify these policies so that large institutional investors do not acquire single-family homes.

While some information indicates the Trump administration has moved away from mass deportations, at least temporarily, in January the White House announced that mass deportations have helped reduce the cost of homes.

In just one year, President Donald J. Trump’s ironclad commitment to securing our border and enforcing our nation’s laws is liberating Americans from the crushing burden of unchecked illegal immigration. Through mass deportations, the Trump Administration is freeing up resources, revitalizing opportunity, and restoring safety — delivering tangible results that put American citizens first.

Mass deportations = lower housing costs.

In 14 of the top 20 metro areas with the largest illegal migrant populations, home list prices declined year-over-year in December — and the three metro areas that saw modest price increases are all so-called “sanctuary cities.” Overall, home prices have dropped for the first time in more than two years as housing affordability shows signs of improvementunder the Trump Administration.

The White House summed up data which shows the administration has been making homeownership more affordable in a January press release:

• Home sales are rebounding. Existing home sales in December rose sharply to its strongest pace in three years — led by robust gains in the nation’s biggest home-selling region — as income growth outpaces home price gains.
• Affordability is improving. The First American Real House Price Index reflects ongoing gains in housing affordability, with recent months showing the longest stretch of annual improvement in years. Meanwhile, the National Association of Realtors’ Housing Affordability Index — measuring the typical family’s ability to qualify for a mortgage — has risen to its highest level in nearly three years as median family incomes climb and rates ease.
• Borrowing costs continue to fall. The average 30-year fixed mortgage rate has dipped to multi-year lows, driving monthly housing payments to their most affordablelevels in over two years and providing critical relief for prospective buyers.
• More relief is coming. President Trump has undertaken an aggressive agenda to tackle housing challenges head-on — including directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to further drive down borrowing costs and taking action to ban large institutional investors acquiring single-family homes, ensuring more inventory remains available for everyday American families.

Polls have shown that 76% of Americans see the cost of living as their biggest economic problem, while young Americans’ job market optimism dropped to Great Recession level lows.

The President faces an uphill battle as his economic approval rating hit all time lows.

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