By coinnews 
00:00 Josh Lipton
Well, as economists continue to revise tariff rate estimates, most possibilities still take us back to the 1910s. Yahoo Finance Alexander Canal joins us now with the very latest.
00:09 Alexandra Canal
Yeah, Josh, you know, we’ve seen a lot of back and forth with Trump’s trade policy to say the least. That includes the 90-day pause and reciprocal tariffs from last week, and then the more recent temporary exemptions on some Chinese electronic imports. But despite these series of revisions, the current estimates of the US effective tariff rate, they’re still pushing us way back in time. Currently, we have a range on Wall Street with estimates starting from 22%, reaching all the way up to 27%. At the top end of that range, we’re looking at tariff levels not seen since 1903. On the low end, we’re at the highest levels since 1910. And just for some perspective, right now, we’re hovering between 2 and 3%. So this is a very historic jump, one that we really have not seen in modern times. And what’s interesting is that this, despite these pauses, these revisions, they’re not really bringing that overall tariff number down too much from where we were 100 years ago. So if we take that, and then we add in all of the confusion, all of the uncertainty that we’ve seen with this rollout, you get the increased volatility that the stock markets really had to adjust to over this past week. Citi analyst Stuart Kaiser noted that the exemption of certain electronics is, quote, “first albeit unclear step toward progress,” but that true optimism hinges on solid deals with major partners. Now, for now, Kaiser puts it that this is more about reduced or delayed tail risk, not removed risk. And he went on to say that really good news is a near-term headwind. You don’t hear that too much, while bad news could build over the medium term. So until we get some clarity here on a path forward, it’s going to continue to be volatile for the stock market and really add to that uncertainty on the consumer side as well.