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Retail Sales Drop Sharply as Tariff Surge Fades

Retail Sales Drop Sharply as Tariff Surge Fades

The U.S. retail sector experienced its biggest sales decline since January when consumers reduced their purchases because of upcoming tariffs. The Commerce Department reported that sales decreased by 0.9% after they revised April's numbers downward. The decline in sales was primarily caused by auto purchases because consumers accelerated their large-ticket purchases before April's new tariffs bega ...
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