Trump’s trade war has only just begun to hit Americans’ wallets, says economist

Just hours before President Trump's trade deadline was set to take effect today, he signed an executive order announcing sweeping new tariffs for dozens of countries countries as well as formalizing the trade deal frameworks that his administration had already negotiated with a handful of nations. These new rates range from 10% to as high as 41% and they're scheduled to take effect on August 7th, next week. In an exclusive phone interview with NBC News, Trump said that it was too late for other countries to ...