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Examine the impact on US and Chinese consumers and producers of the tariffs imposed under the China-US trade war. Use diagrams to explain your answer.

* Use appropriate referencing* Word limit of 2,000 words* Word limits include footnotes but exclude front and end matter (e.g. bibliographies, abstracts, appendices, title page, contents page, abbreviations page, and acknowledgements)The paper requires the support of some relevant diagrams and quantitative data and analysis e.g. trade weighted average tariff etc. It should have a balance of 50% theory/qualitative argument, and 50% incorporated numerical support as explained. It is quite lenient in the approach of answering the topic and there aren’t really any specific boundaries or instructions as long as it is properly addressed and answered.