NBC News senior business correspondent Christine Romans breaks down how tariffs are ultimately passed down from importers to consumers. Wednesday afternoon, President Donald Trump announced a 90-day pause on tariffs for more than 75 trading partners that did not retaliate after his sweeping duties went into effect. China, which did place steep retaliatory tariffs on U.S. goods, will now see an even larger hike in levies on its products, totaling 125%, Trump said. | Today Show