Walmart is the latest U.S. retailer to warn of impending price increases due to the cost of Trump's tariffs, drawing ire from the Republican leader.

Walmart is planning to cut about 1,500 jobs as part of a restructuring push to lower expenses and simplify operations, according to a memo seen by Reuters.

Last week, Walmart said that it would raise some prices because of tariffs, prompting President Trump to criticize the company.