President Donald Trump is threatening China with an additional 50% tariff on imports that would take effect at midnight if China does not withdraw its 34% retaliatory tariff on American products.

In New York City, small business owners are voicing concerns and bracing for steep price increases.

Frank Marte, the president of the Bodega and Small Business Group, joined NY1 political anchor Errol Louis on “Inside City Hall” Tuesday to talk about the impact tariffs may have on bodegas and small businesses across the five boroughs.

Tap the video player above to watch the interview.