Analysis Of the Game Logic and Economic Effects of China-US Tariff Policies
DOI:
https://doi.org/10.54097/0qf9yy43Keywords:
China-US trade war; Tariff; Game logic; Trump; Exports.Abstract
The purpose of this research is to delve into the game logic and economic effects of China-US tariff policies, with a primary focus on incidents during Trump’s presidency, starting from 2018. Explore different economic trade-offs and effects from perspectives such as the prisoner’s dilemma, the game of Chicken, and externalities to other countries. This essay will help you better understand the motivations and intentions behind Trump’s tariffs and the logic behind China’s countermeasures through bilateral perspectives. Resources used in this essay are not only from official sources and the data of trading transactions, but also from Political leaders and the governments they represent, who demonstrate their political objectives through language, rhetoric, and framing. Furthermore, the ramifications of trade conflicts between the United States—a hegemonic power with considerable influence over the global economy—and China, as an emerging economic giant, will be examined to provide a comprehensive concluding analysis. Further studies are needed to establish the post-effect of trade wars regarding the international standing and the trading in an open market with the rest of the world for both the US and China.
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