Inflation was tame in May, defying fears that the impact of President Trump’s tariffs would start to show a rise in prices. Consumer prices rose 0.1% in May over the previous month, less than economists anticipated.

U.S. inflation rose 0.1% in May, less than expected despite concerns about Trump's tariffs. The President also says a trade deal with China is "done" but “subject to final approval.” NBC News Senior Business Correspondent Christine Romans and Axios Senior Economics Reporter Courtenay Brown join Christina Ruffini to break down the implications.