Markets Rally as Trump Delays Mexican Tariffs, but Canada-China Trade Tensions Loom

U.S. markets staged a dramatic recovery after President Trump and Mexican President Sheinbaum reached a deal delaying planned tariffs for one month. The Dow, which plunged 600 points at opening, trimmed losses to just 130 points after Mexico agreed to deploy 10,000 troops at the border. However, investors remain anxious as 25% tariffs on Canadian goods and 10% on Chinese imports are still set to take effect Tuesday midnight. Energy costs surged, with natural gas spiking 8% and crude oil rising 3% amid concerns over Canadian oil tariffs.
Source: CNN Business, Los Angeles Times