China versus USMCA The U.S. Congressional calendar is tight and Trump trade negotiators only have so much band width. This is leading some in the Washington trade community to speculate that the White House will emphasize USMCA passage in the next few weeks. President Trump has backed away from espousing any tariff concessions to China. Watching the drop in Chinese business profits, some deflation in Mainland producer prices, and the willingness of his counterpart, Xi Jinping, to negotiate could be adding to Mr. Trump’s recalculated priorities. Today in a speech at the Economic Club of New York, Mr. Trump returned to tough talk when it comes to China. U.S. agriculture is pleading for a deal with China, but close advisors warn agains...