US Retail Sales Rise Slightly as Tariffs Start to Curb Demand
U.S. retail sales growth slowed in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and consumers pulled back on spending elsewhere against the backdrop of an uncertain economic outlook.
The apprehension over the economy's prospects, sparked by President Donald Trump's on-again, off-again tariffs policy, was underscored by retail giant Walmart, which on Thursday joined the list of companies from airlines to auto manufacturers that have either withdrawn or refrained from giving financial guidance.
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