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task:Read the following articles where you answer the questions below: The details of the tariffs (PDF): https://www.economist.com/finance-and-economics/2018/09/20/america-and-china-are-in-a-proper-trade-war China's Reaction (PDF): https://www.economist.com/finance-and-economics/2019/12/12/trade-war-chinas-exporters-have-expanded-their-global-market-share Trade deals (PDF): https://www.economist.com/finance-and-economics/2019/12/18/the-ceasefire-in-the-trade-war-between-america-and-china-is-fragile

task:Read the following articles where you answer the questions below:

The details of the tariffs (PDF): https://www.economist.com/finance-and-economics/2018/09/20/america-and-china-are-in-a-proper-trade-war

China's Reaction (PDF): https://www.economist.com/finance-and-economics/2019/12/12/trade-war-chinas-exporters-have-expanded-their-global-market-share

Trade deals (PDF): https://www.economist.com/finance-and-economics/2019/12/18/the-ceasefire-in-the-trade-war-between-america-and-china-is-fragile

Update on the results (Link has a video): https://www.wsj.com/articles/china-trade-war-didnt-boost-u-s-manufacturing-might-11603618203 (or the PDF) : https://www.wsj.com/articles/china-trade-war-didnt-boost-u-s-manufacturing-might-11603618203

In relation to the pademic (Link): The Economist - No safety net - Covid-19's blow to world trade is a heavy one.pdf

  1. What factors were driving the US to place tariffs on Chinese goods and start the trade war?
  2. What was the intent/goal of the truce or trade deal? Why is it fragile? (to answer this, think of the gains from trade)
  3. How will future trade flows and the current dealbe affected by the latestpandemic?Discuss some of the products that US/Chinese consumers might see increase in price and the producers who might gain or lose fromthe latest developments.
  4. Did the trade wars accomplish any of its goals? Why not?

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