President Donald Trump on Thursday announced a nearly one-month tariff delay on all products from Mexico that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets,

President Donald Trump could delay his new 25 percent tariffs on Canada and Mexico for all goods and services that are “compliant” with an existing trade deal between the North American countries, Commerce Secretary Howard Lutnick said Thursday morning.

WASHINGTON (AP) — U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos.