The Fed chief warns higher inflation is likely although officials routinely say their outlook depends on how Trump’s policies — on trade, immigration and more — shake out.

Fed Chair Jerome Powell says inflation is likely to go up amid President Trump's tariff turmoil. The Dow dropped after Powell's comments. National Affairs Correspondent at The Nation John Nichols joins Katy Tur to explain more.

Among the countries and businesses with the most at stake in the trade war unleashed by US President Donald Trump are those that supply Americans with their clothing and shoes.

China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump's attempts to correct the trade imbalance between the world's two largest economies by imposing a sky-high tariff on goods shipped from China.

But that revenue could dry up if Trump imposes 46% tariffs on Vietnamese goods, a plan that is currently on hold until early July. That would be "catastrophic for our business," Le says. And selling to Vietnamese consumers is not an option,

Boeing already was suffering in its competition with Airbus before Trump started his tariff war. That won't make things any easier for America's top export company.