Tariffs Pushed US Consumers to Pull Back in April
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Global trade stumbled in April as President Donald Trump’s tariffs prompted US consumers to hit the brakes on spending. The undercurrent of anxiety among many American consumers about the economy after the weakest quarter for spending in nearly two years is hitting exporters from Europe to Asia.
Tensions could worsen after Trump on Friday accused China of violating an agreement with the US to ease tariffs, ratcheting up tensions between the world’s two largest economies.