The 13th round of U.S.-China trade talks has resulted in a preliminary “phase one” deal that may be signed by President Trump and President Xi at the Nov. 16 APEC forum. The U.S. has committed to postponing tariff increases planned for mid-October and removing China’s designation as a currency manipulator. China may buy up to $50 billion of agricultural products as well as affirming updated rules on technology transfer, access to the financial services sector and enhanced dispute settlement processes. While representing an improvement in relations this is the fifth time a “commodity purc...