The U.S. struck deals with Canada and Mexico on Monday to delay potentially devastating tariffs for a month. Why it matters: The tariffs, had they gone into effect, could have had massive impacts on the economies of all three nations,

Trump on Saturday had directed that 25% tariffs on most imports from the two American partners — and 10% on Canadian energy products — go into effect at midnight Tuesday.

President Trump has opted not to institute the tariffs he had threatened against products from Canada and Mexico. CBS News correspondent Natalie Brand has more on that and Mr. Trump's meeting with Israeli Prime Minister Benjamin Netanyahu.