North America came within hours of a multibillion dollar trade war that was poised to hobble the economies of Mexico and Canada.

The Times journalists Ana Swanson, Matina Stevis-Gridneff and Simon Romero discuss the last-minute negotiations that headed off the crisis — for now.

Guests: Ana Swanson, who covers trade and international economics for The New York Times; Matina Stevis-Gridneff, the Canada bureau chief for The New York Times; and Simon Romero, an international correspondent for The New York Times based in Mexico City.

Background reading: 

• President Trump agreed to delay tariffs on Mexico and Canada for a month after both countries pledged to do more to block drugs and migrants.
• What does Mr. Trump really want from Canada and Mexico?

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Photo: Jeff Kowalsky/Agence France-Presse — Getty Images

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.