March Retail Sales Grow As Consumers Look To Get Ahead Of Tariffs

Retail sales rose as much in March as in two years, most of which is a product where thousands of dollars are feared to increase.

Retail sales rise in March despite consumer jitters over tariffs

WASHINGTON – Data released by the U.S. Census Bureau showed retail sales grew in March even though consumers “continued to worry about the impact of rising tariffs,” said Jack Kleinhenz, the National Retail Federation’s chief economist. “Retail sales strengthened in March, supported by continued solid growth in income, lower energy costs and bigger-than-usual tax refunds that all helped support household budgets,” said Kleinhenz. “However, there…

The iPhone is one of the world’s best-selling phones and has been key in popularizing smartphones since its launch in 2007. 27% of global value-added manufacturing comes from China, according to the World Bank. Apple has grown an extremely loyal customer base globally. The Trump administration’s ability to impose new tariffs on products from China has had a curious effect on Apple’s stores.

March Retail Sales Grow As Consumers Look To Get Ahead Of Tariffs

Year-over-year sales were up 4.6% as shoppers stocked up on various items including appliances and clothing