The July jobs report is out, showing a downturn in hiring and less jobs added to the market than expected. This comes as President Trump unleashes new tariffs. NBC News’ Garrett Haake reports more from the White House. KPMG Chief Economist Diane Swonk and New York Times Trade and Economics Reporter Ana Swanson join Ana Cabrera to break down what this all means for the U.S. economy and global trade.