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The Lead with Jake Tapper

Major Companies’ Earnings Calls Reveal Impact Of Tariffs

The Lead with Jake Tapper

CNN

News

3.51.7K Ratings

🗓️ 8 August 2025

⏱️ 75 minutes

🧾️ Download transcript

Summary

President Trump has slapped higher tariffs on nearly every country in the world which means, according to experts, Americans will be paying the highest tax rate on foreign goods since 1933 in midst of the Great Depression. Plus, protests erupt over Israel today as Prime Minister Netanyahu says he is planning for a full military takeover of all of Gaza.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Tony Shalub loves bread.

0:02.0

On his new CNN original series, he's traveling the world to see how bread is the most delicious way to bring people and cultures together.

0:10.0

Tony Shalub, Breaking Bread, premieres Sunday, October 5th on CNN.

0:17.0

It just got a lot more expensive for the rest of the world to do business with the United States.

0:22.6

The lead starts right now.

0:24.6

President Trump has slapped those higher tariffs on nearly every country in the world,

0:30.6

meaning, according to experts, Americans will soon be paying the highest tax rate on foreign goods since 1933 in the midst of the Great Depression.

0:38.9

So what products will be impacted the most by these tariffs and when might you see prices rise?

0:46.2

Plus, protests erupting across Israel today as Prime Minister Netanyahu confirms he is planning

0:52.1

for a full military takeover of all of Gaza,

0:57.1

even though his top military chief of staff says that could put the lives of the remaining

1:02.1

hostages at risk.

1:04.7

And what President Trump just told CNN's Caitlin Collins about a potential meeting with

1:09.5

Russian leader Vladimir Putin. A meeting

1:11.0

Russian officials say could happen as soon as next week. Welcome to the lead. I'm Jake Tapper.

1:19.1

We're going to start with breaking news right out of the White House, President Trump,

1:21.6

telling CNN just a moment ago that a meeting with President President Vladimir Putin is not

1:27.1

conditional on Putin sitting down

1:29.8

with Ukrainian President Volodymyr Zelensky. This has gaps seem to be forming between the U.S.

1:34.9

and Russia over details of a potential summit between the two leaders in coming days.

1:39.8

Let's get straight to CNN's Caitlin Collins at the White House.

1:41.7

Caitlin, tell us what the president had to tell you. Well, Jake, this is a notable comment because earlier we had been hearing from White House officials who said they did believe that Putin would have to agree to meet with Zelensky in order for this sit down between President Trump and President Putin to happen. But that is not what we just heard from the president in the Oval Office. And obviously this was a key question after we

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