#TariffPause There has been a historic upheaval in American trade policy.

The announcement of Donald Trump's so-called "reciprocal tariffs" on 2 April - what he called "liberation day" - sent a shockwave through the global trading system and financial markets.

And the President's 90-day pause on some of these tariffs on 9 April set off a relief rally in stock markets.

But where has the rollercoaster of new US tariff announcements - and partial reversals - actually left the situation?

And what will it all mean for global trade?

In a notice, US Customs and Border Patrol said that the goods would be excluded from Trump's 10% global tariff on most countries and the much larger Chinese import tax.

It marks the first significant reprieve of any kind in Trump's tariffs on China, with one trade analyst describing it as a "game-changer scenario".

Late on Saturday, while travelling to Miami, Trump said he would give more details of the exemptions at the start of next week.