Experts call Trump's raft of tariffs "worse than the worst-case scenario." There's been a pause and exemptions -- with things moving fast, here's what to know.

Levies are currently set at a blanket 10%, down from rates set as high as 49% on Cambodia and 46% on Vietnam. With the latest exemptions, the effective rate on Vietnamese goods will fall to about 7% as close to a third of its exports to America, largely technology products, are exempt.