Trump pauses many of his tariffs but raises rate on China

President Trump stunned many by pausing higher tariff rates on most other countries for 90 days. But the president raised tariffs on Chinese imports to 125 percent after Beijing retaliated overnight. This led to a historic day of rallies in the markets after multiple days of steep drops. Lisa Desjardins reports and Amna Nawaz discusses more with economists Simon Johnson and Douglas Irwin. PBS News is supported by - https://www.pbs.org/newshour/about/funders