From the Wall Street Journal: Don’t panic – America and China are talking trade, quietly

Despite what the U.S. president thinks, trade wars are usually neither good nor easy to win. In fact, they’re usually an “everyone loses” proposition. But there are signs that fears of a global trade war may be overblown. Despite incendiary rhetoric from the U.S., diplomats from America and China are in talks to avert a trade dispute. Negotiations between the two economic giants may help stave off tit-for-tat tariffs and a decline in global trade.