The latest trade data from the U.S. and China show the drawbacks of tariff-driven trade policies as China’s exports to the U.S. continued to climb in October and November. A new payment mechanism may keep Iranian oil flowing to India. Also: BMW’s engine factory decision raises questions about its wider supply chain; Tiangong International has deployed price increases and tariff appeals to tackle U.S. trade policy; U.S. logistics employment continued to surge in November; U.S.-China talks have a “hard deadline” ahead; the shipping industry’s fuel costs fell last week but so did U.S.-bound...