Apple increased its exports of iPhones from India to the United States in April, with industry data showing a 76 percent increase compared to previous months. The jump came amid President Donald Trump's threats of a 25 percent tariff on iPhones made outside the U.

Trump said his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts.

Courtenay Brown, senior economics reporter at Axios, and Melissa Repko, retail and consumer reporter for CNBC, join Alex Witt to break down Trump’s tariff threats, discuss how Walmart is responding t...