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Grocery stores worry about Trump's pullback on SNAP

A customer checking out of a grocery store.
The checkout in Publix. (Photo: Jeffrey Greenberg/UIG via Getty Images)

Grocery retailers around the country have growing concerns about President Trump's plan to reduce food-stamp spending by $130 billion over the next decade, reports the Wall Street Journal. That would amount to a 20% reduction in the program's $63 billion annual budget.

Why it matters: Retailers are already facing stiff competition from grocers like Whole Foods with Amazon's backing. Now, they may lose sales from low-income consumers because of regulation.