A look at Trump’s tariffs and the economic consequences for consumer prices and businesses

President-elect Trump is wasting no time when it comes to making good on his promise to impose tariffs on foreign nations. He announced he would slap major new tariffs on Mexico, Canada and China on his first day in office. The economic consequences of the tariffs could be enormous, involving multiple industries, goods and groceries. William Brangham discussed more with economist Mary Lovely.