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 divergence. 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 foreign reliance. Despite the friction, the total bilateral trade volume remains high, indicating a high level of economic dependency between the two countries. The future direction of the relationship still depends on geopolitical factors and electoral dynamics, and the market needs to closely observe the impact of policy adjustments on the supply chain and global trade patterns.