President Donald Trump said last week that he and Chinese President Xi Jinping will sign a “Phase One” trade deal soon, despite the cancellation of a planned summit in Chile set for mid-November. Reuters reports the White House indicated a signing event will take place in the same time frame as the originally scheduled summit.

China’s commerce ministry said in a statement last week that bilateral talks continue and the lead trade negotiators from both countries planned to speak by telephone.

At the same time, the USDA announced new private export sales of 132,000...