Americans rushed to splurge before Trump’s tariffs kicked in—but the shopping spree may be coming to an end
U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs.
Sales at retail stores and restaurants rose just 0.1% in April from March, the Commerce Department said Thursday. That is much lower than the previous month's 1.7% gain, which reflected a surge in car sales as consumers accelerated purchases ahead of President Trump's 25% duty on auto imports that went into effect this month.
Last month's tiny increase...