What do the Trump tariff pauses and subsequent stock market losses mean for you?

PROVIDENCE, R.I. (WLNE) — President Donald Trump spoke with Mexico’s President Sheinbaum Monday morning, delaying the anticipated tariffs on Mexican goods for a one month period.

Following the announcement, Wall Street pared its losses.

The Trump administration still plans to impose a 10 percent tariff on Chinese imports, and paused a planned 25 percent tariff on Canadian imports.

So what could all of this mean for your wallet?

Shebnem Kalemli-Ozcan, Professor of Economics at Brown University joined ABC6 Anchor Karah Bailey to explain.