US retail sales rise despite Trump tariffs: August growth beats estimates; consumer spending cushions economy
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US retail spending surpassed expectations in August, increasing by 0.6 percent, despite ongoing trade tensions and tariffs. Motor vehicle sales and restaurant revenues saw gains, while furniture and department stores experienced declines, indicating a potential shift in discretionary spending. Economists are concerned about the long-term impact of tariffs on inflation and consumer prices. What's Your Reaction?
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