What will be the impact to the supply and demand of products, Macroeconomics

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What will be the impact to the supply and demand of products

Problem

The US-China trade war will impose a duty tax of up to 25% to the goods imported from China to the US.

1. What will be the impact to the supply and demand of the products from China to the US. Explain your answer with an appropriate supply and demand curve.

2. What will be the expected impact to the Renminbi currency rate? Why?

3. What will be the impact to the economy in mainland? Why?

4. What will be the impact to the economy in Hong Kong? Why?

5. What will be the impact to the economy in United States? Why?

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Macroeconomics: What will be the impact to the supply and demand of products

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