S&P 500 sees one of biggest days since second world war after Trump levies pause – as it happened

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• Trump pauses plans to hike US tariffs on most countries
• I know what I'm doing,' says Trump before pausing tariffs
• Full list of Trump tariffs: a country-by-country look

Today's tariffs follow Trump's 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.

US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today's measures are higher levies on goods from 57 larger trading partners.