June 18th, 2025
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Retail sales in the US went down by 0.9% in May, after a 0.1% decrease in April, according to the Commerce Department. This decline is mainly because car sales fell a lot, which is different from a big increase in March when people bought cars to avoid President Trump's 25% tax on imported cars and parts. Even though people are less confident about the economy, steady inflation and low unemployment might keep spending at a moderate level in the next few months. Sales, not including things like gas, cars, and restaurants, went up by 0.4% last month, which shows that people are still buying some extra items. While many areas saw big drops, online stores, clothing stores, and furniture stores had higher sales. The drop in retail sales is thought to be connected to worries about higher prices because of Trump's tariffs.
June 18th, 2025
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