The Lead • Tariff Shock Modeling
Every number in the room is a guess. Yours doesn't have to be.
Washington • July 2026 • Wire Ed.
The markup is Thursday. The three estimates on your desk disagree by a factor of four, and the
official score will not land until months after the roll call. TradeShock runs
the shock tonight: jobs at risk as a range you can defend, retaliation odds with a timing
window, what shoppers pay by year one, plus every scenario filed against 847 documented trade
actions going back to 1493.
No point estimates, no single-number guesses. Every figure ships as a stated confidence band,
and 78% of realized outcomes in backtesting landed inside the band the model gave. When someone
pushes on your number, the band pushes back.
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