At the time of writing this article, the implementations of U.S. tariffs and Canadian retaliatory measures were delayed for 30 days. However, the threat remains. This is the wild card moving forward.

Resumption of U.S./Mexico cattle trade will temper market upside
In Truth Social post, Trump said tariffs now delayed until April 2
Sheinbaum: Mexico “will reach out to Canada”
Canada to retaliate
Canada strikes back with tariffs on $155 billion of US goods; China says it will take Trump to WTO