President Trump announced that he will stop placing tariffs on cars from Canada and Mexico for one month. This decision came after stock markets were upset by the 25 percent tariff imposed on these countries. The White House said this pause is to help car companies under the United States-Mexico-Canada Agreement. The president wants these companies to move production back to the United States. The automakers believe that putting tariffs on cars from Canada and Mexico could hurt their profits and many jobs in America.

Mr. Trump didn’t give a longer break to Canada, even after talking with Prime Minister Justin Trudeau. The Mexican government is also prepared to fight against the tariffs. They are looking for new trade partnerships with other countries. This situation has caused worries for the global economy, especially for the car industry. Despite the short pause, the industry is still at risk from future tariffs.