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,

Trump did not mention Canada in the announcement, although that doesn’t preclude the U.S. ally from soon receiving a similar tariff exemption.

KEY TAKEAWAYS President Donald Trump is delaying tariffs on goods from Mexico that comply with the USMCA trade deal for a month, the latest move in the White House's back-and-forth trade policy.He said in a post on his Truth Social platform that the exemption will last until April 2.