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

The pauses—which allow a period of negotiations over drug trafficking and border security—provide a cool-down period after a tumultuous few days that put North America on the cusp of a trade war.