In April, retail sales data illustrated the impact of President Donald Trump's tariffs, leading to a reduction in household consumption. Despite this, inflationary pressures at the producer level unexpectedly decreased, marking the most significant decline since April 2020 and showcasing how tariffs have affected input costs across various industries. According to a report from the Census Bureau, U.S. retail sales increased by only 0.1% in April compared to the previous month, in contrast to March's revised 1.7% growth. This figure slightly exceeded economist predictions of no change. Notably, there was a 0.1% decline in sales of motor vehicles and parts in April, in contrast to the 5.5% surge seen in March as consumers rushed to make purchases before tariffs were implemented. Excluding auto sales, retail figures...