White House pauses tariffs on some Mexican imports until April 2

It has been a week of retaliatory actions, warnings of price hikes from businesses and wild price swings in the markets. Investors and business leaders, on edge about an escalating trade war, continue to monitor fast-paced headlines from the Trump administration.

Here’s the latest:

The White House said it would grant a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement. Commerce Secretary Howard Lutnick said Thursday that one-month exemptions for more than just carmakers are likely.

Canadian Prime Minister Justin Trudeau said his goal remains to get “all tariffs removed,” and his government was “having discussions” about possibly delaying a second wave of retaliatory tariffs against the U.S. Trump spoke to Trudeau Wednesday and told him that Canada’s efforts to stop the flow of fentanyl were “not good enough.”

China is standing tough, saying it’s prepared to fight “any type of war” with the U.S.