United States Secretary of Commerce Howard Lutnick claimed that President Trump's tariff war were yield over $50 billion in revenue for the United States. Cenk Uygur and John Iadarola discuss on The Young Turks. Do you agree with TYT's take? Tell us what you think in the comments below. SUBSCRIBE today: ☞ https://go.tyt.com/ytsubscribe Help support our mission and get perks https://www.youtube.com/TheYoungTurks/join Read more HERE: https://www.nytimes.com/2025/08/07/business/economy/trump-tariffs-trade-war.html "President Trump’s punishing new tariffs on about 90 countries snapped into place on Thursday, sending foreign leaders in some of the hardest-hit economies rushing to contain the damage and convince Washington to ease its escalating trade brinkmanship. Few of America’s major trading partners were spared under the updated duties, which together sent the average effective U.S. tariff rate to its highest level in nearly a century. Despite the outcry, Mr. Trump remained ebullient as he heralded the higher rates as a lucrative political coup and his aides signaled even harsher duties could be on the horizon." *** Your Support is Crucial to the Show: https://go.tyt.com/jointoday The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join TYT is the largest online news network in the country. It presents news, context and analysis. We have dozens of on-air hosts on half a dozen major channels on almost all the platforms. We also have a live 24-hour news channel that features all our shows. The Young Turks is the flagship show of the TYY Network. The Young Turks is the longest running daily show in internet history. We’re about to celebrate our 20th anniversary as a digital native show. We are also the first ever YouTube partner channel. So, we are the original YouTubers. On the network, we do things a little differently than other places. We present the news first, with all of the facts and context you need, which is a rarity in commentary-heavy online shows. We then also give analysis and perspective, which is rare in traditional news. Our commentary and perspective are almost always on the left, but we have an enormous range of opinions on the network. Hosts are allowed to think and say whatever they like. Perspectives usually range from the far left to the center of the political spectrum. Now, our presence and range is large enough that we are adopting the tagline The Online News Network. Our longevity, our 27 million subscribers and 30 billion lifetime views allows us to make this claim confidently. TYT emphasizes open-minds and open-hearts. We believe in fighting for the average American. We believe in challenging the powerful. We are vigilant about pursuing the truth to the best of our abilities and for always being honest with our audience. We’ve been proud to serve the internet for longer than any other news show or network. As one of the founding fathers and mothers of online media, we have always believed that digital media would become the dominant news source for all Americans. We’re thrilled that day is here and that TYT is where everyone can come to see The Online News Network. TYT includes owned and operated and partner shows such as The Young Turks, The Damage Report, Indisputable, and more. TYT’s 24/7 programming is available on YouTube TV, Samsung TV, Plus, Roku, Xumo, TCLtv+, Fubo, and more. TYT is also available as a podcast on Spotify, Apple Podcasts, TuneIn, Amazon Music, and more. SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks TWITTER: ☞ http://www.twitter.com/TheYoungTurks INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks TWITCH: ☞ http://www.twitch.com/tyt 👕 Merch: http://shoptyt.com ❤ Donate: http://www.tyt.com/go 🔗 Website: https://www.tyt.com If you want to watch more videos from TYT, consider subscribing to other channels in our network: The Watchlist https://www.youtube.com/watchlisttyt Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt The Damage Report ▶ https://www.youtube.com/thedamagereport TYT Sports ▶ https://www.youtube.com/tytsports The Conversation ▶ https://www.youtube.com/tytconversation Rebel HQ ▶ https://www.youtube.com/rebelhq TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA #TYT #TheYoungTurks #BreakingNews 08_08_2025_CenkWasWrongOnTariffs_34m