The president issued letters to several countries, including South Korea and Japan, warning that the tariff rate on their goods would go up on August 1. It came after Treasury Secretary Scott Bessent admitted that many governments never contacted the United States for trade talks. Susan Glasser, Akayla Gardner and Justin Wolfers join. For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/ » Subscribe to MSNBC: https://www.youtube.com/msnbc