President Donald Trump previously urged Walmart to absorb the costs of his tariffs rather than pass them to shoppers, citing the retailer's large profits. The remark, posted online roughly a year ago, came as inflation rose following his trade policy and the start of a conflict with Iran. Recently, Trump claimed credit for Walmart's price reductions on items like ground beef, saying his administration requested them. However, Walmart's own statement about the summer promotions did not acknowledge any government involvement. Consumer prices have climbed 4.2% over the past year, higher than the rate Trump inherited, according to federal data.