President Trump's new tariffs are set to take effect tomorrow after a 90-day pause. Several companies have announced price hikes ahead of the deadline. Former Chair of the Council of Economic Advisors under the Biden administration Jared Bernstein and Managing Partner and Director of Economic Policy Research Henrietta Treyz join Erielle Reshef to explain more on the impact the tariffs will have on the economy. For more context and news coverage of the most important stories of our day click