Feb. 3, 10:41 a.m. EST Trump said on Truth Social he had a “very friendly conversation” with Sheinbaum in which she “immediately” agreed to send 10,000 Mexican soldiers to the border, and confirmed they will pause the tariffs on the country’s imports for one month while his administration negotiates with Mexican officials.

Futures tied to the Dow Jones Industrial Average fell 622 points, or 1.4%. S&P 500 futures dropped 1.6%, while Nasdaq-100 futures lost 1.7%. Futures on the Russell 2000, the small-cap benchmark, lost 2.1%. The Cboe Volatility Index, Wall Street’s fear gauge, briefly spiked above 22 before trading around 20.