The invention discloses a trailer control valve which comprises a valve body with an inner cavity. A travel brake cavity, a large piston return cavity, a booster cavity, an air outlet cavity and a parking cavity are formed in the inner cavity of the valve body from top to bottom in sequence, an air inlet, an air supply opening, an air outlet, an exhaust port, a travel control opening and a parking control opening are communicated with the inner cavity of the valve body and are formed in the valve body, a pressure increasing valve, a pressure reducing valve and a pressure preparing valve which are communicated with one another are arranged on the valve body, the air inlet is communicated with an air cylinder of a motor tractor, the air supply opening is communicated with the air inlet through a throttling valve and outputs air pressure to an energy supply pipeline of a trailer, the air outlet is communicated with the air inlet through a combined valve, and the combined valve is a normally-closed valve and is controlled by the travel control opening/the parking control opening. Double-loop control of electric control signals and air control signals is adopted, the electrical control over the trailer control valve is achieved, the defect that in the traditional air pressure control process, due to the fact that the pipeline is long, air pressure signals are slow to transmit is overcome, and the vehicle brake response time is shortened.