The current China-U.S. trade relationship remains tense, with both sides escalating their tariff war. The United States has imposed tariffs as high as 145% on Chinese goods, while China retaliates with 125% tariffs and restricts exports of key materials such as rare earths, impacting the U.S. military and semiconductor industries. The trade war has led to a restructuring of global supply chains, increased costs for businesses, and heightened inflationary pressures. China is accelerating domestic substitutions, expanding trade cooperation with ASEAN and the EU, and reducing dependence on the U.S. While there is a possibility of future negotiations, breaking the deadlock in the short term is difficult, and the global economy faces uncertainty.