Author(s)

Zhenchuan Jiang¹, Xun Gong^2,3,4*, Hongping Cheng²

¹Graduate School of Lyceum of the Philippines University, Manila, Philippines.
²Center of Health Administration and Development Studies, Hubei University of Medicine, Shiyan, China.
³School of Medicine and Health Management, Tongji Medical College, Huazhong University of Science and Technology, Wuhan, China.
⁴School of Economics and Management, Beijing Jiaotong University, Beijing, China.

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.

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

Jiang, Z. , Gong, X. and Cheng, H. (2020) Research on Trading Friction between China and the US from Game Theory Perspective. American Journal of Industrial and Business Management, 10, 19-29. doi: 10.4236/ajibm.2020.101002.