Here is the latest from Fox Business reporter Edward Lawrence:

President Trump announces a pause on his added tariffs on Mexico for anything covered by USMCA. In addition a White House Official tells me additional tariff extensions will be announced for additional sectors later this afternoon.

It’s not clear if that just means Canada or something larger but I expect that almost all the tariffs will be lifted.

This article was written by Adam Button at www.forexlive.com.