And it's hitting not just “Trump country” -- but areas expected to be key battlegrounds in the election.
The costs of the trade war with China are being borne most heavily in parts of so-called “Trump country” that are expected to be key battlegrounds in next year’s presidential election.
New car registrations, a measure of local consumer spending and confidence, have slowed or declined in so-called red states and are most exposed to China’s retaliatory tariffs, Waugh found in the study distributed by the National Bureau of Economic Research. Those states include Michigan, Wisconsin, Pennsylvania and Ohio, which have 64 electoral votes between them.Red states appear to be more vulnerable to economic upheaval resulting from the prolonged trade war with China.
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