Mexico and Canada on Monday reached separate agreements with President Trump to pause tariffs for 30-days, staving off a U.S. trade war with those countries for the time being.Over the weekend, the Trump administration had said it would levy 25% import tariffs on goods from the two countries,

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,

Some of the purported concessions that led to a 30-day pause on the tariffs were things Canada and Mexico had already done before Trump’s threat, but it’s complicated.