Recently, there have been new changes in the China-U.S. trade relationship. Both sides have expressed a willingness to maintain dialogue during high-level talks, but there are still differences on key issues such as high-tech export controls, tariff policies, and industry subsidies. The U.S. has intensified restrictions on China's semiconductor and new energy sectors, while China is promoting domestic demand and technological independence to reduce foreign dependence. Despite the friction, the total bilateral trade volume remains high, indicating a strong economic interdependence between the two countries. The future direction of the relationship will still depend on geopolitical factors and electoral dynamics, and the market needs to closely monitor the impact of policy adjustments on supply chains and the global trade landscape.