Investing.com -- President Donald Trump is set to pause tariffs on Canada for 30 days on following a call with Canadian Prime Minister Justin Trudeau in which the two leaders struck a deal to reinforce the U.S.-Canada border and implement measures to stem the flow of illegal drugs in the United States.

Trump's proposed tariffs of 25% on imported goods from Canada goods, which was set to come into effect on Tuesday, "will be paused for at least 30 days while we work together," Prime Minister Justin Trudeau said on Monday. 

The updates comes on heels of Trump reportedly saying that the call with Trudeau went "very well."

Mexico struck a similar concession with Trump earlier Monday, also averting a 25% tariff that was set for Tuesday.  Attention now turns to the U.S.-China call, which Trump said should get underway over the next 24 hours. Ahead of the call Trump warned that he could hike tariffs on China beyond the 10% levy he announced on Sunday, but markets are hoping that the two nations can agreed to measures that would avoid another U.S.-China trade war.