US retail sales little changed, signs of pullback after pre-tariff rush | World News

US retail sales little changed, signs of pullback after pre-tariff rush (Photo: AP) Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump’s sweeping tariffs.Overall sales nudged up 0.1 percent to $724.1 billion last […]

How the End of a U.S. Tax Loophole Hurts Chinese Companies

A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Meaghan Tobin, a correspondent for The New York Times covering business in Asia, explains. Source link