Analyzing the Impact of New Tariffs on the Economy

Thursday night, President Trump announced new tariff rates, and a new deadline. For weeks, the administration said that new, tougher tariffs would go into effect August 1 — instead, most countries won't see the new rates kick in for at least a week.

Meanwhile, new numbers from the Labor Department show job growth slowed sharply this spring, as President Trump's earlier, worldwide tariffs started to bite. Shortly after their release, Trump said he was firing the head of the government agency that produced that report.

White House correspondent Danielle Kurtzleben and economic correspondent Scott Horsley discuss the consequences of Trump's tariffs so far and going forward.

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