The United States imposed 10% tariffs on imported steel and aluminum about 2 years ago. Those tariffs were increased to a year after they were imposed. China responded by drastically reducing the amount of goods they buy from the United States. One of the major purchases China has made over the years is soy beans grown mostly in the Midwest. After the tariffs were imposed, they cut back on the purchases of soybeans. The price of soybeans dropped by almost 35% during that year's harvest. As a result of the actions by both China and the United States, the two countries are in a "trade war."

1.Who is hurt by the trade war? Explain in detail who is hurt and why they are hurt.

2.Who is helped by the trade war? Explain in detail who is helped and why they are helped.