The Trump administration is imposing new tariffs on imported solar-energy components like solar panels. The White House says it's part of the president's pledge to put American companies first. But what will it mean for consumers? CBS News business analyst Jill Schlesinger explains.

President Trump is approving tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The administration is imposing an immediate tariff of 30 percent on most imported solar modules, with the rate declining before phasing out after four years.