Trade War

use a page or so to summarize the possible trade war happening now between China and America.

what are the US complains about China, and what vice versa? are these complains reasonable or not?
How would the policies affect the economy? what difference would it make if china retaliates? or doing nothing, or changing policy?

bring in as much analysis as possible on the following topics in Macroeconomics:
How would the exchange rates be affected? trade policy?
Describe the distinction whether if US/China have a fixed vs. flexible exchange rate

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