Markets ended lower Monday, a bizarre trading day buffeted by hefty 25% tariffs on Mexico and Canada that President Donald Trump declared over the weekend. They had been set to to take effect overnight tonight but were extended for 30 days in both cases as they continue negotiating

U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country's national guard to the border to address drug trafficking.

Feb. 3, 1:57 p.m. EST Trump announced the tariffs against Canada will be paused for 30 days, saying the longtime U.S. ally will implement a $1.3 billion border reinforcement plan that will bolster the U.S.-Canada border with “new choppers, technology and personnel... and increased resources to stop the flow of fentanyl.”