Trump pauses tariffs but markets are still wary [Video]

Cars queue to cross into the U.S. from Canada, at the border between the two countries, in Surrey, British Columbia, Canada Feb. 3, 2025.

Chris Helgren | Reuters

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The tariffs are not happening immediately — at least for Mexico and Canada. In what appeared to be another successful deal negotiated by U.S. President Donald Trump, the two countries agreed to ramp up their border protection, leading to a pause in tariffs.

Markets heaved a sigh of relief and made sharp turnarounds on the news. But persistent jitters about long-term uncertainty kept stocks from having a positive day. Trump’s comments on Sunday that he agreed with the U.S. Federal Reserve’s decision to keep interest rates unchanged could have also watered down investors’ expectations …

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