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Retail Sales Reflect Anguish from Tariffs, NRF

Retail sales in March snapped a two-month series of declines, but those gains were moderate, as consumers continued to anguish over rising tariffs, according to the CNBC/NRF Retail Monitor, the National Retail Federation said April 14. The improved spending “came before the president’s ‘Liberation Day’ tariff announcement,” said Matthew Shay, NRF president and CEO, of April 5, when Trump unleashed the most sweeping tariff hike since the 1930 Smoot-Hawley Tariff Act, ... [+]