China Tariffs: What we really don't know

Published: Aug. 5, 2019, 11:37 a.m.

b'A day after Fed Chair Jerome Powell said that trade policy tensions had been reduced to a simmer, President Trump ratcheted up the heat to what cooks might call a \\u201cslow boil.\\u201d Last Thursday, Trump tweeted that as of September 1, the U.S. would impose a 10 percent tariff on the remaining $300 billion worth of Chinese goods imported into the U.S. What do the tariffs really mean? CBS News Senior Business Analyst Jill Schlesinger joins Tony.'