Tariff Twists & Turns: Trump announces steep tariffs on 14 countries starting Aug. 1

Welcome back. This morning, we're keeping an eye on the White House where in just the next hour or so, President Trump scheduled to hold a meeting with members of his cabinet. It comes after the president sent out letters to 14 countries announcing new trade tariffs that will go into effect starting August 1st.Now, this morning, this is in response, China, was not one of those 14 countries, but threatened to retaliate if the trade deals with these other countries sideline China. Let's get more from NBC's bu ...