"A trade war, initiated by the United States with China, would do serious damage to the global economy as protectionist action escalate. Countries imposing tariffs and countries subject to tariffs would experience losses in economics, welfare, while countries on the sideline would experience collateral damage. If tariffs remain in place, losses in economic output would be permanent, as distorted price signals would prevent the specialization that maximizes global productivity."

a.Which industries have been hit harder due to the trade war between these two

countries? Justify the answer with proper information from new papers and

citation.

b.What are the impact on imports and exports of goods and services that affected

drastically between United States and China? Provide statistic information and

proper sources must be included.

c. Discussthe impact of this trade war to other countries. Justify the answer with

evidence from new papers and article written on this issue.

d. Whatare the way to overcome these challenges and impact due to the trade war

between these two countries? Discuss the answer based on the reading and

understanding on the issue. Provide information based on proper sources.