President Trump’s bill to encourage contact with Taiwan could lead to a trade deal that benefits the autos and energy sectors, but further damage China relations. COSCO and SM Line may team up and specialize. Fedex’s EBITDA disappointed, and bodes ill for the forwarders. Also: shipyards’ exports recover; Saudi arms imports from America more-than-double; Nintendo faces tariff risks while almonds may be immune; NAFTA may make progress if the U.S. softens its ROO demands; Trump’s TPA request could lead to trade deals with the Philippines and Vietnam; the G20 tone on trade has weakened, b...