Recent changes have emerged in the China-U.S. trade relationship, with both sides expressing a willingness to maintain dialogue during high-level talks. However, key issues such as high-tech export controls, tariff policies, and industry subsidies still show differences. The U.S. has strengthened restrictions on China's semiconductor and new energy sectors, while China promotes domestic demand and technological independence to reduce reliance on foreign countries. Despite the friction, the total bilateral trade volume remains high, indicating a high degree of economic interdependence between the two countries. The future direction of the relationship still depends on geopolitical dynamics and election developments, and the market needs to closely observe the impact of policy adjustments on the supply chain and global trade patterns.