Trade talks between American and Chinese trade ministers from August 22 may seek to avert a widening of existing tariffs between the two countries. While the discussions are likely more about groundwork than a final agreement – President Trump has “no time frame” for a decision – there is an opportunity for a short-term “win” for both sides in postponing duties due from August 23 on $32 billion of bilateral trade. Such a move would help American automakers ($7 billion of exports in the 12 months to June 30) and Chinese semiconductor fabricators ($3 billion). Aside from a roll-back of exi...