President Trump has threatened 25% tariffs on imports from Canada and Mexico, as well as an additional 10% tariff on imports from China. Here’s what you need to know.

According to President Sheinbaum, Mexico has cut a deal with the U.S. to delay the tariffs. Under the deal, she said Mexico is sending another 10,000 members of its national guard to the southern border to combat drug traffickers, while the U.S. has agreed to do more to prevent the trafficking of high-powered weapons to Mexico.

Traders and farmers hope that the Trump administration is using tariff threats as leverage in trade negotiations, as opposed to following through with a major disruption to agricultural trade.