Retail Sales Decrease In May After April Pre-Tariff Uptick
Retail and restaurant sales fell 0.9% in May after a 0.1% drop in April, according to the Commerce Department.
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US Economy Shrinks, Imports Surge Ahead Of Trump Tariffs
The U.S. economy contracted at a 0.3% annual rate in the first quarter of this year, marking the first contraction in three years, as companies rushed to import goods ahead of massive tariffs imposed by Pres. Donald Trump’s administration.
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Data Suggests Tariff, Layoff Threats Weigh On Consumers
Threats of tariffs and government job cuts weigh heavy on consumers’ minds — and the economy, new data shows.
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