Could you explain the impacts of the trade war between the United States and China on:

• the central economic problem of allocating scarce resources,
• unemployment and inflation rates in the United States,
• fiscal and/or monetary policy decisions,
• the determination of foreign exchange rates based on supply and demand,
• international trade between the United States and nations other than China, and
• the long-range (5-year) potential impacts of the trade war on your selected industry.