Recent changes have emerged in the Sino-U.S. trade relationship. Both sides have expressed a willingness to maintain dialogue during high-level talks, but key issues such as high-tech export controls, tariff policies, and industrial subsidies still show differences. The U.S. has strengthened restrictions on China's semiconductor and new energy sectors, while China is promoting domestic demand and technological independence to reduce external reliance. 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 will still depend on geopolitical and electoral dynamics, and the market needs to closely monitor the impact of policy adjustments on the supply chain and global trade patterns.