President Trump has temporarily suspended new tariffs on most goods coming into the U.S. from Mexico and Canada,

just two days after he set them into motion. The delay gives both countries a one-month reprieve on products

traded under the U.S.-Mexico-Canada agreement. That's the trading agreement that replaced NAFTA under the last Trump administration.

Yesterday, the president granted a similar pause for automakers. But the beginnings of what seems

to be a trade war and the sudden swings in policy are rattling investors and markets. The three

major stock indices in the U.S. fell again today. To help sort through all of this,

we're joined now by Mark Zandi, chief economist at Moody's. Welcome back to the News Hour.

So the nation's trade policy changed hour by hour today. What's your reaction to this

month-long delay and why you think President Trump issued it?

It's not, well, the on again, off again, Jeff, are, you know, a problem for for businesses.

They're trying to get their minds around what all this means, you know, tariffs on which

countries, which products, which companies, how long, you know, all the uncertainty is just

creating all kinds of havoc for businesses and their hiring and investment decisions.

And, you know, another month delay, okay, but just one more thing to worry about and consider

and to, you know, try to take in.

And then what happens a month from now, I'm sure all business people are asking themselves

that question.

So, you know, not until we get clarity around the tariffs, you know, exactly how high are

they're going to be and on which countries, which products.

I don't, I think businesses are going to sit on their hands.

You know, they may not, they may not cut back.

They may not fire people. They may not reduce investment.

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