National Retail Federation (NRF)

Consumers are still spending, but at a slower pace compared to recent months.

Tariff concerns slowed consumer spending in February compared to January, but retail sales still increased year-over-year during the month.

Responding to the sweeping new tariffs imposed on Canada and Mexico, two of the country’s leading retail groups called for negotiations and warned that the high tariffs would take a toll on U.S. consumers and businesses.

Tariffs and deregulation are among the issues adding uncertainty to the economic outlook for 2025.

Consumers reined in their spending more than expected in January after a strong holiday season and as frigid weather moved into many parts of the country.

Imports at the nation’s major container ports are expected to remain high as retailers continue to bring in cargo ahead of growing tariffs on China and threats against other countries.

Consumers pulled back on spending in January after a stronger-than-expected holiday season.

In a last-night decision, the Trump Administration is pausing the implementation of a planned 25% tariff on imports from Canada.

Valentine’s Day spending is expected to hit a new record this year, with more than half of consumers planning to celebrate.

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