U.S. retail sales drop in May after a tariff-fueled surge

U.S. retail sales drop in May after a tariff-fueled surge

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U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now. The largest decline in sales in four months reported by the…

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