'Pause' or no pause, uncertainty around Asian economy remains high

Chetan Ahya is chief Asia economist for Morgan Stanley.

There have been many twists and turns in the tariff situation. But the current state is that weighted average tariffs on U.S. imports from Asia has jumped to 44% from 4.8% on Jan 25. Moreover, we don't have certainty about where tariffs are headed -- what levels they will settle at, which economies will be successful in signing deals and getting lower tariffs, and which sectors might still get tariffed at what rate.