American consumers reined in their spending and socked away their money in April following a tariff-fueled buying binge the month before, according to new data released Friday that also showed inflation cooled off again.

Consumer spending growth, which had already showed sluggish signs this year, slowed significantly in April as more families waited to see how tariff-related uncertainty might play out. Spending rose 0.2 percent last month, compared with a 0.7 percent increase the month before, according to data released Friday by the Bureau of Economic Analysis.

Global trade stumbled in April as President Donald Trump’s tariffs prompted US consumers to hit the brakes on spending. The undercurrent of anxiety among many American consumers about the economy after the weakest quarter for spending in nearly two years is hitting exporters from Europe to Asia.