China blinked first.

And imagine that. The whole world isn’t collapsing upon itself into a massive ring of apocalyptic fire as was predicted by the LDAMM — Leftists, Demorats and the American Media Maggots.

How prescient it is when Trump makes a statement and — well, it becomes true? From  Breitbart.com first:

China Blinks in Trade War, Drops Oil from Retaliatory U.S. Tariff List

by John Hayward

The latest broadside fired by China in its trade war with the United States was a list of $16 billion in American imports subjected to a 25 percent retaliatory tariff. One major item that was supposed to be on the list was quietly removed: oil. Analysts wonder if this conspicuous omission is a sign China is blinking in its economic staredown against the Trump administration.

Well yes. It was.

The Wall Street Journal noted on Thursday that oil was prominently listed as a target for retaliatory tariffs in June at a time when Beijing was trying to intimidate President Trump out of taking punitive measures against Chinese imports. A 25 percent tariff on American oil was a serious threat because China is now the world’s top buyer of U.S. crude. U.S. oil imports to China are worth $8 billion all by themselves, so erasing oil from the tariff list reduced the value of sanctioned goods by roughly one-third.

That is a massive revision to China’s retaliatory action, tantamount to stubbing someone’s toe after threatening to punch him in the nose.

Negotiating with Trudeau’s Canada is like negotiating with kids. Addressing Canadian tariffs alone, here are a few. Canada has — ahem — 19,500 tariffs.

• Dairy: 270%
• Sausage: 70%
• Barley Seeds: 58%
• Durum Wheat: 49%
• Bovine Products: 27%
• Table Linens: 18%

A side note: when the US exited the TPP (Trans Pacific Partnership), Canada acquired protectionist deals under the guise of protecting what it termed “cultural industries.” Translated: “We are protecting Canada and everyone else can go to hell.” Trudeau literally said that “we got a better deal for Canada.” It’s obviously quite splendid for Canada to be protectionist — and inherently unfair for the US to consider the same.

Now Canada has blinked. Imagine that.

From Bloomberg.com:

U.S. and Canada Reach Trade Deal to Keep NAFTA Trilateral

by Jenny Leonard, Josh Wingrove and Jennifer Jacobs

The U.S. and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to three people familiar with the matter.

President Donald Trump has approved the developments and the expectation is that an agreement will be announced on Sunday night, according to the people, who spoke on the condition of anonymity. U.S. Trade Representative Robert Lighthizer and Canadian officials are working on the final touches.

U.S. and Canadian negotiators have been negotiating around the clock this weekend to make a Sunday midnight deadline that would allow the countries to sign the deal as the final act before Mexico’s outgoing President Enrique Pena Nieto leaves office at the end of November.

Reaching a pact with Canada allows the 24-year-old pact to remain trilateral and for the U.S. to check another box for its legislative process in the lead up to a congressional vote.

Trump has said he wants to rename the deal the U.S.-Mexico-Canada agreement.

More presidential campaign promises kept.

BZ