According to Reuters, U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods. The slowdown in economic activity was underscored by other recently released data showing a drop in industrial production. Economic growth is slowing as the stimulus from the White House’s $1.5 trillion tax cut package fades. President Donald Trump’s escalating trade war with China is also hurting business and consumer confidence.

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euronews 21 Aug 2019 18:54 CEST