Trump insists grocery prices are already ‘much lower’ than under Biden, hints at more relief

PALM BEACH, FLORIDA: President Trump took a victory lap on Sunday over grocery prices, insisting Americans are already catching a break at the checkout line compared to the Biden administration.

Speaking to reporters at Palm Beach International Airport before jetting off to Joint Base Andrews, Trump said prices are "already at a much lower level than they were with the last administration," and that "from an economic standpoint, our prices are coming down very substantially on groceries and things."

The president said he and his team have been working behind the scenes.

"We worked on it this weekend," Trump said. "And you're going to see some of the items that were a little bit higher, they were lower than the last administration but a little bit higher, we're going to have some little price reductions and, in some cases, some pretty good ones."

Trump touts cheaper Thanksgiving meals as Walmart slashes holiday basket costs

With Thanksgiving around the corner, Trump also claimed holiday shoppers are feasting on sweeter deals this year.

"The affordability is much, much better with us," he said. "And again, I go to Walmart and other companies and, in every case, it's about 25%. A Thanksgiving meal and surroundings are 25% lower than it was under the Biden administration."

This isn’t the first time he has rolled out the Walmart win. He touted the same numbers earlier this month at the America Business Forum. "Walmart just announced that the cost of their standard Thanksgiving meal... is 25% lower than one year ago. Isn't that great? That's a big deal," he said. Walmart has been promoting its annual Thanksgiving meal basket as a bargain option with 20 national and private-branded items, Butterball turkey included, serving 10 people for under $40, roughly $4 a head.

While the 25% drop is real, the basket is a bit smaller this year. NBC News pointed out that the 2025 package includes 23 items, down from 29 last year. Missing items include pecan pie, sweet potatoes, celery, onions, marshmallows, whipped topping, and fewer cans of soup.

In addition, Walmart swapped in cheaper store-label products, replaced cranberry sauce with fresh cranberries, and switched Hawaiian rolls for basic dinner rolls. 

When reporters pressed Trump on the missing dishes, he said, "Well, I haven't heard that." 

Trump rolls back food import tariffs to ease soaring grocery prices

Trump wrapped the week with a U-turn on one of his own economic policies. On Friday, he signed an executive order wiping out tariffs on dozens of food imports, including beef, coffee, bananas, tomatoes, avocados, and other tropical fruits.

"We just did a little bit of a rollback on some foods like coffee," Trump told reporters on Air Force One, adding that tariffs "may, in some cases," increase consumer prices. The timing was no coincidence.

Democrats had just swept key elections in Virginia and New Jersey, with sky-high prices ranking as voters’ biggest gripe. Coffee alone shot up nearly 21% year over year in August, its steepest jump since the ’90s, bolstered by Trump’s 50% tariff on Brazilian beans.

Even so, the Food Industry Association gave a thumbs-up to the tariff reversal. “President Trump’s proclamation to reduce tariffs on a substantial volume of food imports is a critical step in ensuring continued adequate supply at prices consumers can afford," it said in a statement.

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