President Trump and Canadian Prime Minister Justin Trudeau announced a temporary deal Monday evening to halt the imposition of 25% tariffs on each other’s imports for 30 days while a final border security pact gets hashed out.

The Canadian prime minister said the country has a $1.3 billion border plan and 10,000 "frontline personnel" protecting the border.

U.S. stocks rebounded after the U.S. and Mexico announced a one-month pause on tariffs, easing fears of a trade war disrupting markets. Mexican President Claudia Sheinbaum Pardo announced a series of agreements following a conversation with President Donald Trump,