The recent U.S.-China trade war has shown significant signs of easing. From May 9 to 12, 2025, both sides held high-level economic and trade talks in Switzerland, marking the first special dialogue since the outbreak of the trade war. The talks made substantial progress, with both sides agreeing to establish a consultation mechanism and planning to issue a joint statement. The U.S. side's attitude has softened, proposing a possible reduction of tariffs on China to 80%, while China emphasized the principle of 'phased adjustments.' Although structural contradictions still exist, global economic pressures have prompted both sides to shift towards pragmatic cooperation, injecting certainty into the market. This easing is seen as a key step in avoiding the escalation of conflict, but the subsequent execution details still need to be observed.