Read the attached two articles and the PBS Video from the link below and answer the following questions
- How does the trade war affect the U.S. economy?
- How does the trade war affect the Chinese economy?
- Which of the two countries (U.S. or China) affected the most? Explain why.
- Is there any effect on other countries (other than the U.S. and China)? Explain why.
Reading materials: For the first two follow the link, the third article is attached.
PBS, Impact of U.S. – China Trade War felt in both countries, Sept. 28, 2019.
New York Times, American Consumers, Not China, Are Paying for Trump’s Tariffs, Jan. 6, 2020
Sherman Robinson (PIIE) and Karen Thierfelder (US Naval Academy), US-China Trade War: Both Countries Lose, World Markets Adjust, Others Gain, Peterson Institute for International Economics, Policy Brief 19-17, November 2019