Trump Presses US Retailers, Gas Stations to Slash Prices

President Donald Trump is leaning hard on major U.S. companies to cut consumer prices, recently warning gasoline retailers of "big problems" if they didn’t reduce the price of gasoline commensurate with the price of crude, while crediting Walmart for its summer rollback of thousands of prices, as inflation sits at a three-year high and Republicans brace for a difficult midterm. ***annual inflation climbed to 4.2% in May, the sharpest 12-month reading since April 2023, driven mostly by an energy shock tied to the U.S. war against Iran.Gasoline prices alone were up 40.5% year over year, according to the Bureau of...