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 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.

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.