We introduce the notion of tracial equivalence for $C^*$-algebras. Let $A$ and $B$ be two unital separable $C^*$-algebras. If they are tracially equivalent, then there are two sequences of asymptotically multiplicative contractive completely positive linear maps $\phi_n:A\to B$ and $\psi_n:B\to A$ with a tracial condition such that $\{\phi_n\circ\psi_n\}$ and $\{\psi_n\circ\phi_n\}$ are tracially approximately inner. Let $A$ and $B$ be two unital separable simple $C^*$-algebras with tracial topological rank zero. It is proved that $A$ and $B$ are tracially equivalent if and only if $A$ and $B$ have order isomorphic ranges of tracial states. For the Cantor minimal systems $(X_1,\sigma_1)$ and $(X_2,\sigma_2)$, using a result of Giordano, Putnam and Skau, we show that two such dynamical systems are (topological) orbit equivalent if and only if the associated crossed products $C(X_1)\times_{\sigma_1}\mathbb{Z}$ and $C(X_2)\times_{\sigma_2}\mathbb{Z}$ are tracially equivalent.
