A time synchronization method includes receiving, by a receive-end device, a first timestamp and a first header signal sent by a transmit-end device, where the first timestamp indicates a first moment at which a first channel medium conversion module sends the first header signal, and a second moment at which the receive-end device receives the first header signal. The method further includes sending a second header signal to the transmit-end device, where a third moment at which the receive-end device sends the second header signal. The method further includes receiving a fourth timestamp sent by the transmit-end device, where the fourth timestamp indicates a fourth moment at which the transmit-end device receives the second header signal. The method further includes synchronizing time with the transmit-end device based on the first moment, the second moment, the third moment, and the fourth moment.