President Trump agreed to delay tariffs on Mexico and Canada for a month after both countries pledged to do more to block drugs and migrants.

Last-minute phone calls pull the North American neighbours back from the brink of a trade war, but the US is still targeting Chinese imports.

Trump sent global stock markets sliding when he announced tariffs on all imports from China, Canada and Mexico over the weekend. Originally set to take effect on Tuesday, the tariffs imposed on both Canada and Mexico on Monday were delayed for 30 days after multiple conversations between Trump and the leaders of both nations.