China retaliatory tariffs cost billions in lost consumption - study

WASHINGTON (Reuters) - Tariffs slapped by China on U.S. products cost the most affected communities billions of dollars in lost auto sales in 2018 as the hit to local incomes undercut household spending, according to an analysis released on Wednesday by the National Bureau of Economic Research.Those communities also saw slower job growth, Michael Waugh, an associate professor of economics at New York University's Stern School of Business and the study's author, said in the paper. "Changes in..