Companies that buy products made abroad pay the tariffs imposed on them — and, as a result, face higher costs that are typically passed on to consumers

Steve Liesman, Senior Economics Reporter for CNBC and David Frumm, Staff Writer for The Atlantic join Nicolle Wallace on Deadline White House with reaction to the news that Walmart is set to raise prices on a variety of goods as a result of the costs of Donald Trump’s tariff policy.

U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports