, Columnist
Shoppers Are Panic-Buying. It Won’t Last.
With tariffs looming, consumers went on a spending spree in March. But when this round of retail therapy peters out, companies should expect tough times.
Shop ’til tariffs drop?
Photographer: David Paul Morris/Bloomberg
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US consumers spent big last month. But despite those dollar signs, no one should be celebrating.
The value of US retail sales, not adjusted for inflation, rose 1.4% in March from the month earlier — the biggest jump in two years, Commerce Department data showed.