Q4. In 2018, the US started a trade war with China. US claimed that China has a significant trade surplus with the US, which is taking advantage of them. a) Why is there a significant trade surplus with the US? b) Is that only a one-sided advantage on China's side? c) Explain the relationship between the current account and capital account under international accounting. Someone said the trade war is the solution to the trade deficit, and why did the US not start the financial war with China? d) The US used tariffs to deal with the trade deficit. However, more than 90% of the tariff paid by US consumers is proven. US government is going to remove some tariff items; why?