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

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.