SYRACUSE, N.Y. — President Trump has put a one-month delay on auto tariffs from Canada and Mexico.

However, Canada’s Prime Minister, Justin Trudeau, is unwilling to lift any retaliatory tariffs on the United States. Saying, Canada will not meet President Trump in the middle, with the phrase “Zero Tariffs or Nothing” being his motto.

Tariffs are expected to increase the cost of goods. Some of those goods include gasoline, fresh produce, as well as animal products and certain alcoholic beverages.

According to the U.S. Department of Agriculture, in 2023 Mexico supplied 63 percent of the United States’ vegetable imports, and 47 percent of fruit and nut imports. 63.8 percent of U.S. agricultural imports from Canada consisted of, animal products such as beef and pork, grains and feeds, and oilseed products. All of these goods will now be have tariffs.

As a result of the delayed auto tariffs, the Dow Jones Industrial Average rallied more than 400 points this afternoon before closing. This comes after yesterday’s (March 4) tumble of 1.5 percent.

Wall Street has also been volatile since President Trump took office, a pattern similar to his first term from 2016-2020.