US President Donald Trump has agreed to a temporary pause on tariffs against Mexico for one month, but stiff tariffs on Canada and China are still set to take effect.  

President Claudia Sheinbaum of Mexico said it has reached an agreement with the Trump administration to delay the planned tariffs, which were supposed to take effect on Tuesday.

As part of the deal, Mexico will send an additional 10,000 troops to the US-Mexico border to help stop the flow of migrants and illegal drugs, including fentanyl.

In exchange, Mexico will receive a temporary break from the 25 percent tariffs announced by Trump on Saturday. The US government will also assist in preventing the smuggling of guns back into Mexico, according to Sheinbaum.

The agreement comes just days after Trump announced tariffs of 25 percent on Canada and 10 percent on China. The measures have raised concerns about potential disruptions to the global economy, leading to significant reactions in stock markets worldwide.

Trump justified the tariffs as a response to issues related to migration and drug trafficking. He acknowledged that these tariffs, which affect over a third of US imports, could lead to “some pain” for American consumers.

Trump has been in contact with Canadian Prime Minister Justin Trudeau, whose country plans to impose retaliatory tariffs of 25 percent on US goods. They are expected to discuss the matter further later today.

China is also responding strongly, vowing to take action against the US at the World Trade Organization. The Chinese Foreign Ministry said that the US should correct its “wrongdoings” and work to maintain positive relations between the two countries.

China has also pushed back against Trump’s accusations that it allows the production of fentanyl, which is then smuggled into the US through Mexico.

“The United States needs to view and solve its own fentanyl issue in an objective and rational way … (China is) one of the world’s toughest countries on counternarcotics both in terms of policy and its implementation,” the foreign ministry said on Monday.

Trump hinted that Europe might be next on his list for tariffs, saying that measures against the European Union could happen “pretty soon.”

European leaders have warned that a trade war with the US could harm economies on both sides of the Atlantic.