US retail sales up 0.5% in July as shoppers shrug off Trump tariffs; auto, online, furniture lead gains
Friday, 15 August 2025 () US retail sales demonstrated resilience in July, growing by 0.5% despite rising prices influenced by President Trump's tariffs. Auto dealerships and online retailers experienced strong performance. While clothing and furniture stores saw gains, electronics and restaurants faced declines. Inflation remained steady, but producer prices surged, hinting at potential future consumer price increases.
President Trump has delayed a planned increase in tariffs on Chinese goods, easing U.S.–China trade tensions and extending the current truce. The decision, made just hours before the deadline,..
A fiery confrontation reportedly erupted between Donald Trump and Benjamin Netanyahu during a call on July 28, with Trump shouting at the Israeli PM over Gaza starvation. Trump rejected Netanyahu’s..
Donald Trump has declared that “billions are flowing into America” due to his latest round of tariff hikes, which took effect August 7. Claiming an economic windfall, Trump said the tariffs will..
Friday, 15 August 2025 ()
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