USA: Trump promised falling prices: What the US retailers' balance sheets reveal about the actual situation
High prices, rising credit card debt: The balance sheets of US retailers show that many consumers are at their limit. Will voters present Trump with the bill in the fall?
US President Donald Trump claims that living costs are decreasing, but recent quarterly results from major retailers contradict this. The US retail sales declined by 0.6% in July, the largest drop since May 2025, while inflation stood at 3.4%, outpacing wage growth. Walmart, the largest retailer, reported a 3.5% increase in net sales to $125.2 billion, driven by customers seeking cheaper options, and raised its annual forecast.
The company's CEO, John David Rainey, stated that consumers are under financial pressure and that Walmart is reducing prices in all product categories.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
