Wall Street is paring its losses after Mexico’s president said the United States will delay its tariffs on Mexican imports by a month, easing some of the worries about a potential trade war

Worries about President Donald Trump’s tariffs are hurting U.S. stocks. The S&P 500 sank 1.4% in early Monday trading following similar losses for markets across Asia and Europe

U.S. stocks rallied to the brink of a record Thursday after more companies reported fatter profits than expected. Wall Street mostly yawned, again, at the latest announcement on tariffs by President Trump,