Part 4/7:
As the discussion shifted to upcoming negotiations with China, Secretary of the Treasury’s remarks hinted at the precarious nature of U.S.-China relations. Stressing that both nations have shared interests, the Secretary insisted on the need for fair trade. With China facing significant economic pressures, including interest rate cuts due to economic instability, there is palpable urgency for reform on both sides. Cotton suggested that the talks would not immediately resolve the complex issues but are necessary steps to address grievances, noting ongoing strain within China’s economy and labor markets.