The trade friction between China and the United States continues to escalate, stemming from the U.S. taking unilateral action to raise import tariffs on Chinese goods, with rates reaching as high as 145%, covering core industries such as electronics and machinery. In response, China has also imposed tariffs of up to 125% on U.S. imported goods and has sternly pointed out that the U.S. actions violate international trade order and are detrimental to both sides. The Chinese government subsequently released a white paper emphasizing that China-U.S. economic and trade cooperation should be based on mutual benefit and win-win principles, and criticized the U.S. for implementing trade protectionism, which has led to disruptions in the global supply chain. Additionally, China has adopted a series of countermeasures, including placing some U.S. companies on an unreliable entity list and restricting sensitive technology exports to the U.S. This friction is ongoing and has a profound impact on the global economic situation.