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Story perspectives

American Economy Thrives Amid Tariffs, Retail Sales Surge

4/28/2025

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Story summary
  • The robust American economy mitigates the impact of Donald Trump's tariffs.
  • Household wealth reaches record highs, though disparities exist.
  • Retail sales surged by 1.4% in March, largely fueled by car purchases.
  • American Express experienced an 8% revenue growth, reflecting strong consumer spending.