Tariffs cost U.S. businesses $6 billion in June

President Trump's tariff fight is hitting U.S. businesses hard — to the tune of 6 billion dollars last month alone. That's how much U.S. importers paid to bring goods into the U.S. — up 74% from a year ago. The trade group "Tariffs Hurt the Heartland" says the fight with China is "costing American jobs, raising prices, hurting farmers and derailing U.S. economic growth." The President has falsely insisted that China is paying the tariffs. Yahoo Finance's The First Trade panel discusses the latest.