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has been cited by the following article:

• TITLE: Research on Trading Friction between China and the US from Game Theory Perspective

  AUTHORS: Zhenchuan Jiang, Xun Gong, Hongping Cheng

  KEYWORDS: The US, China, Trade Friction, Surplus, Deficit, Imposing Tariffs, Protectionism, Game Theory Model

  JOURNAL NAME: American Journal of Industrial and Business Management, Vol.10 No.1, January 3, 2020

  ABSTRACT: Since the development of free trade theory, global economy has developed extremely rapidly. However, protectionism has played a negative role in free trade. It is widely known that the trade friction between China and the US has attracted attention by the whole world and the result may influence the global economy. This paper will analyze the trade friction from game theory, how China and the US can gain optimal payoff and which kind of strategy will be used by China and the US.