CNN Breaks Down the Estimated Cost of Trump’s Tariffs on the Average American Family

Alex Griffing Aug 7th, 2025, 1:33 pm

CNN business and politics correspondent Vanessa Yurkevich joined anchor Wolf Blitzer on Thursday to discuss President Donald Trump’s sweeping global tariffs going into effect, with different countries being hit at different rates.

“Yeah, well, Wolf, these are historic tariff levels not seen in nearly a century. We have not seen tariffs at these rates since the 1930s, and following that was the Great Depression, and all countries are being hit,” Yurkevich began ominously, adding:

The minimum is 10 percent, but then it’s ratcheted up to 50 percent for some countries. This is President Trump’s big bet. He believes that he’s going to shrink trade deficits wit

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