#中美贸易关系 The current China-US trade relationship is complex and delicate. Since the outbreak of trade friction, the US has imposed tariffs and set up trade barriers, resulting in a lag in the growth rate of bilateral trade, highlighting the 'trade diversion effect'. However, in the first quarter of 2025, the trade volume between China and the US still increased by 4.2% year-on-year, indicating that the industrial chain is difficult to sever unilaterally. In the long run, cooperation aligns with both parties' interests, and under the pressure of global economic recovery, there may be an opportunity for easing.