Impact of Trump's tariffs on US retail sales

SOURCE finance.yahoo.com
Retail sales in the US slowed in April as Trump's tariffs impacted consumer spending. Sales rose 0.1% in April, below expectations, after a 1.7% increase in March. Economists believe tariffs will lead to higher prices and weaken spending in the future.

Key Points

  • Retail sales rose 0.1% in April, below expectations and lower than the 1.7% increase in March
  • Economists predict tariffs will lead to higher prices and weaken consumer spending in the future

Pros

  • Retail sales data provides insight into consumer behavior and economic trends
  • Control group sales data helps in calculating GDP for the quarter

Cons

  • Slower retail sales growth in April compared to March
  • Potential future impact of tariffs on consumer prices and spending