President Donald Trump signed executive actions on Thursday, delaying tariffs on Canada and Mexico, covered by the USMCA trade treaty until April 2.

This is a significant retraction on the administration’s original plan.

It comes after these tariffs rocked Wall Street this week, setting up a trade war between the United States and its closest trade partners.

Tom Clark, counsel general of Canada, joined “The Rush Hour” on Thursday to discuss how this will impact both nations, and the strong economic ties between Canada and New York.

Tap the video player above to watch the interview.