Automakers and alcoholic beverage companies pared early session losses on Monday after U.S. President Donald Trump paused new tariffs on Mexico for one month. Trump reached a deal with Mexican President Claudia Sheinbaum requiring Mexico to reinforce its northern border with 10,

Trump declared an economic emergency in order to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada.

His efforts to “repel the disastrous invasion of our country” by migrants and drugs from Mexico and Canada may soon include stemming the passage of cars. A promise to impose sweeping tariffs on “day one”,