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,

Earlier on Thursday, the US president announced that Mexico will not be required to pay tariffs on "anything that falls under the USMCA agreement", in a suspension that lasts until 2 April.

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.