President Donald Trump announced that he’s pausing tariffs on Mexico and Canada after speaking to leaders of both countries on Monday — just hours before the sweeping actions were set to go into effect.

Hours before sweeping tariffs on imports from Mexico and Canada were due to start, agreements were reached to put them on hold for 30 days. Here's what to know: President Trump held separate telephone

President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America's two largest trading partners took steps to appease his concerns about border security and drug trafficking.