China's car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of U.S. tariffs on consumer sentiment.

Costco Wholesale Corp. on Wednesday said that sales through April rose 7% year over year to $21.18 billion, a slight slowdown from the prior month’s gains, as retailers process the timing of the Easter holiday and brace for the impact of President Donald Trump’s tariffs.

Unfavorable foreign-exchange rates and lower gasoline prices also dragged on Costco’s sales growth. The worldwide selling price per gallon was down 13.4% from last April. But ev