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U.S. Consumer Pullback: Tariffs Impact Prices

U.S. consumers are pulling back as tariffs and rising prices hit holiday budgets. New data shows slower holiday spending, increased caution on big-ticket items, and growing pressure on retailers. With higher import costs feeding into prices, economists warn that continued tariffs could further weaken consumer demand heading into next quarter. Here’s what the slowdown means for inflation, growth, and the 2025 economy.