Consumer sentiment surged in June, according to a preliminary reading in a survey by the University of Michigan — the first improvement in six months, suggesting American shoppers enjoyed a fresh burst of optimism as President Donald Trump rolled back some of his tariffs and economic conditions,

Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.

Consumers in the early part of June took a considerably less pessimistic view about the economy and potential surges in inflation as progress appeared possible in the global trade war, according to a