From CNN.

President Trump announced a surprise 50% tariff on imported steel, while also celebrating a deal between US Steel and Nippon Steel despite it not being finalized. Americans also reined in their consumer spending in April, as inflation was very close to the Federal Reserve’s 2% target rate.

CNN’s Camila DeChalus and Vanessa Yurkevich report, and CNN’s Victor Blackwell speaks with Emory University professor of finance Tom Smith. #CNN #News