Which of the following statements best reflects the situation described in the text below? 'Despite the Sino-American trade war's overall negative elfects, economies that remain more open to trade - such as the EU, Indis, lapan; or South Korea - may reap some benefits from the resulting trade diversion. The current Sino-American trade war probably explains, for example, furging Japarese exports to China, which increased by 18.3. from Aaril 2017 to March 2018. Furthermore. Jagan's exports to China during the first half of 2018 were worth mare than JPy 4 trilion, which is 16 A 4% higher than its exports even during the first half of 2007 , priof to the globsl economic crisis US exports to China, by contrast. have declined by 8.5% since 2007, Project Syndicate. Hamada, 12 ) XCX/2018 There is a take-dienion effect that is positive for the US and Ching. but negative to outuiders Theit is a trabe-cheation effect that is potitive for the US and China, but negative to outsiden There is a trade-creabon elfect thut is nekative for the Us wad China, but poutive to cutsidens