President Trump granted Mexico and Canada a 30-day reprieve on U.S. tariffs after both nations agreed to intensify efforts to block illicit drugs and migrants.

Trump on Saturday had directed that 25% tariffs on most imports from the two American partners — and 10% on Canadian energy products — go into effect at midnight Tuesday.

Mexico and the United States have reached a one-month agreement to stave off tariffs and a looming trade war, the threat of which sent global markets tumbling early Monday. The 25% tariffs on Mexico were set to go into effect Tuesday,