Key Takeaways As Walmart raises prices, it will be easier for its competitors to justify charging more for items, said Neil Saunders, managing director of retail at analytics and consulting firm GlobalData.

Analysts say Walmart's thinner margins and price-sensitive shoppers may have influenced the company's decision to speak out.

Walmart has said it will be raising its prices for items due to high costs from Trump's tariffs. Here's what to know about increased prices.