Trump Delays Tariff Hikes For Canada and Mexico, But Not China

After receiving border-control concessions from Mexico and Canada, U.S. President Donald Trump has delayed his plan to impose 25 percent tariffs on both nations’ exports by another 30 days, heading off the economic effects of a price hike on goods and components from two of America’s top trading partners. 

Stocks took a steep dive Monday morning on expectations that the tariffs would take hold, then returned to normal trading patterns after the announcement. The NASDAQ shed two percent of its value in early trading, but after news broke of a deal with Mexico to po…