2. So as of now, the two sides have tariffs worth 50 billion dollars on each other. <br />How have they affected the U.S. and Chinese economies?<br /><br /> The first round of tariffs worth 34 billion dollars went into effect in July, just two months ago, so it's still a bit early to gauge its effect with numerical data.<br />Overall, the U.S. has an upper hand for now.<br /> Its real economy is strong, posting four-point-two percent growth in the second quarter, the fastest pace in four years whereas China is seeing a modest slow down...reporting 6-point-7 percent growth and this trade war is only going to further hurt its growth.<br />Also, the U.S. tariffs cover a wider range of Chinese goods, including electronics and medical devices. <br />I mean Chinese tech company ZTE was also caught in this trade war....while Chinese tariffs mainly target U.S. agricultural goods like soybeans. <br />To give you the data, U.S. soybean exports to China dropped 20 percent on-year in the first eight months of 2018. <br />American farmers are key Trump supporters and the U.S. Department of Agriculture announced it will provide a six billion dollar subsidy to farmers to offset trade losses, with nearly five billion dollars for soybean farmers by this month. <br />
