Retail Sales Show the Impact of Tariffs Retail sales declined noticeably in May, largely due to a steep drop in auto purchases. The Associated Press noted that Americans rushed to buy cars in March to beat the administration’s 25% tariff on imported vehicles and parts. Once that window closed, demand fell off a cliff. This isn’t theoretical. One luxury car dealership reported no German imports in half a year—inventory simply vanished. Whether you prefer domestic models or foreign ones, the simple fact is that your choices are being artificially restricted. Tariffs Don’t Just Raise Prices—They Shrink Choices It’s a common misconception that tariffs only make things more expensive. They also reduce the range of products available. For some consumers, it’s…
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