President Trump’s issuing of tariffs on goods from Canada, Mexico and China caused stocks to slip Monday morning, but they slowly started to rebound. At one point, the Dow Jones Industrial Average was down over 200 points, while the S&P 500 was down over 50 points and the Nasdaq was down over one-percent.

The tariffs for Canada and China were set to go into effect Tuesday.  Investors are weighing the risks of a full-blown trade war which would disrupt global supply chains and re-ignite inflation with higher prices. It comes as Trump said he spoke with Canadian Prime Minister Justin Trudeau already on Monday and will again later.

The President of Mexico said Trump’s 25-percent tariffs are on hold, for now.  Claudia Sheinbaum revealed on social media that, in return for a delay, she’s ordering ten-thousand Guardsmen to patrol their northern border, as a way to prevent drug trafficking from Mexico into the United States. The U.S., she said, will be working to prevent the trafficking of high-powered weapons south, into Mexico.