Businesses of all sizes are reeling as President Trump expands his trade war. Stock markets fell sharply on Thursday. We also gauge how small U.S. retailers are responding to the new tariffs.
A manufacturer in China that makes apparel for the American market is warning of a price increase after President Trump's announcement on tariffs. NBC News' Janis Mackey Frayer visits one of the companies to talk about how the tariffs will impact prices in the U.S.
