By June, shoppers at the budget-friendly retailer may start to see higher prices on the shelves for these goods.

Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs.

Walmart CEO Douglas McMillon said that the retail giant is being forced to raise its prices as a direct result of the president's trade war.