Donald Trump has dispatched a high-level delegation to Beijing for trade talks with China this week, which should be a reassuring sign amid rising tariff threats. Both countries will benefit if a modus vivendi can be found that opens markets and sets new rules of the road. But the Trump Administration hasn’t decided what it wants out of a deal, and that increases the risks of a larger breakdown between the world’s largest economies.
Recall that the U.S. first amped up the tension with threats to impose sanctions in retaliation...