Trump delays tariffs as the rest of the world plays hardball

Donald Trump's White House had grandly promised "90 deals in 90 days" after partially pausing the process of levying what the US president called "reciprocal" tariffs.

In reality, there won't even be 9 deals done by the time we reach Trump's first cut-off date on 9 July.

The revealing thing here, the poker "tell" if you like, is the extension of the deadline from Wednesday until 1 August, with a possibility of further extensions - or delays - to come.