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Retail sales fell sharply in May as consumers pulled back from a spending surge early this year to get ahead of sweeping tariffs on imports.
Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a decline of 0.1% in April.
Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending to get ahead of President Trump’s sweeping tariffs.
Americans turn cautious and retail sales slide after a spring spending surge to beat tariffs A “tariff-free” sign aims to attract buyers at a car dealership in Totowa, N.J., on April 30.
WASHINGTON — Retail sales fell sharply in May as consumers pulled back from a spending surge early this year to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports ...
Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump's sweeping tariffs on nearly all imports.
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