White House asked top U.S. grocers to lower beef prices, WSJ says
Last week, Tate Bennett, chief of staff for USDA Secretary Brooke Rollins, spoke with grocers including Walmart (WMT), Kroger (KR), and Albertsons (ACI) asking about their prices for beef heading into the holiday weekend, Patrick Thomas and Sarah Nassauer of The Wall Street Journal reports. During its call with Walmart, the company said it already had plans to reduce prices on several items for the summer, including beef, and implemented those plans on June 29, two sources told the Journal. The outreach effort shows the Trump administration has begun leaning on industries to lower costs for consumers. Reference Link
Last week, Tate Bennett, chief of staff for USDA Secretary Brooke Rollins, spoke with grocers including Walmart (WMT), Kroger (KR), and Albertsons (ACI) asking about their prices for beef heading into the holiday weekend, Patrick Thomas and Sarah Nassauer of The Wall Street Journal reports.
During its call with Walmart, the company said it already had plans to reduce prices on several items for the summer, including beef, and implemented those plans on June 29, two sources told the Journal.
The outreach effort shows the Trump administration has begun leaning on industries to lower costs for consumers.
Reference Link