Americans cut back sharply on their spending last month amid tariffs

cnn.com/2025/06/17/economy/us-retail-sales-may

Americans are feeling a hangover from their tariff-fueled buying frenzy early in the spring.
Retail sales fell by 0.9% in May from the prior month, the Commerce Department said Tuesday, down sharply from April’s downwardly revised 0.1% decline. That was the steepest monthly decline since…

This story appeared on cnn.com, 2025-06-17 13:51:52.998000.
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