Mexican President Claudia Sheinbaum said on Monday that tariffs with the United States are on hold for a month after a conversation with President Donald Trump in which she committed to putting more law enforcement on the U.

Mexico and the United States have reached a one-month agreement to stave off tariffs and a trade war, the threat of which sent global markets tumbling early Monday. The tariffs on Mexico were set to go into effect Tuesday.

President Donald Trump announced on Monday a one-month pause on issuing a 25% tariff on Mexico while the two countries negotiate issues at the southern border.