Abstract
Trading with the opponent, as a distinctive phenomenon in international politics, has attracted the attention of a few scholars. Unlike the previous analytical route, the author develops a new“state-society”model to explain such a phenomenon. According to thismodel, the preferences of both the state actorwho focuses on security and the societal actor who emphasizes economic welfare serve as a constraint on the foreign trade policy-making of a government. A final trade policy toward an opponent will not only be decided by the game between the state and the societal actors but will also be effected by a series of other factors.

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