tariffs

US retail sales fall as Americans turn cautious after spending early to beat tariffs

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US retail sales fall as Americans turn cautious after spending early to beat tariffs

WASHINGTON — 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. Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a decline of 0.1% in April. … Read more

Consumer sentiment improves more than expected as Trump rolls back tariffs

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Consumer sentiment improves more than expected as Trump rolls back tariffs

Consumer sentiment improved more than expected in June, indicating a swell of optimism as President Donald Trump rolled back some tariffs in recent weeks. The resurgence of shopper attitudes ended six consecutive months of worsening sentiment, University of Michigan survey data on Friday showed. Before the uptick, consumer sentiment had fallen near its lowest level … Read more