National Retail Federation (NRF)

In a new report, the National Retail Federation's chief economist said there are concerns about downside risks in the U.S. economy

Continued consumer concerns over prices were seen as a main reason for the slowdown in January.

Experts expect import levels to stay strong in the coming months as retailers work to stay ahead of the extra costs they would pay if additional tariffs are put in place.

Officials representing retailers and manufacturers said the move by the Trump administration could harm businesses and consumers.

Officials with the National Retail Federation note consumer spending during the holidays returned to pre-pandemic levels.

Several key segments, including online and apparel, saw strong gains in the year's final month.

A new report from the National Retail Federation shows retailers continue to build inventories to offset the impact of higher tariffs floated by the Trump administration.

The tentative deal between the ports and union members allay concerns over the potential of a work stoppage.