President Donald Trump on Thursday signed executive actions that delay for nearly one month tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets,

Mexico will be granted a month-long reprieve from tariffs on goods that fall under an existing free-trade agreement with the United States, Trump wrote on social media.

Mexican President Claudia Sheinbaum thanked her U.S. counterpart Donald Trump for an "excellent and respectful" call on Thursday, promising that her government would work on security and migration as Washington temporarily eased tariffs.