Trump tariffs taken to task by Jon Stewart on ‘Daily Show’

play

If the Trump tariffs are economic “medicine,” Jon Stewart is perfectly fine without a prescription.

The “Daily Show” host joked on Monday night’s episode that President Donald Trump’s tariff regime, which has lurched the economy into a violent downward turn since its unveiling Wednesday, was both an unproven remedy and a harbinger of doom.

“You’re all acting like the tariff regime is a tried and true remedy,” he said. “Oh, of course! This is the medicine that’s always prescribed. Except the last time it was tried 100 years ago, we had a Great Depression?”

In 1930, President Herbert Hoover signed the Smoot–Hawley Tariff Act which raised tariffs on a significant chunk of imported goods in a bid to protect the American economy. Widely regarded as a historic bungle, the move deepened the Great Depression when other countries retaliated.

Playing various clips of Republican commentators comparing the tariffs – which Trump is hoping will revive America’s manufacturing sector in the long term – to a colonoscopy or rat poison in a small but healthy dose, Stewart projected disbelief.

“So everyone relax, this is merely a routine rat poison colonoscopy,” he joked. “If Trump wants us to stay the course with this radical plan, you might want to think of a strategy that inspires our confidence that you all know what you’re doing.”

Earlier in the show, Stewart also skewered the president’s decision to participate in a golf tournament while the economy was in crisis and observations from some online that the tariff formula eerily matched one generated by AI.

“Now to be fair to the Trump administration, they did give it almost two months and no effort before they asked ChatGPT what it thought they should do.”

“When Donald Trump was reelected, Wall St. was thrilled − excited about deregulation, tax cuts,” Stewart said. Now, with the Dow Jones in free fall, they are singing a different tune, he noted.

“Our economy is in the midst of a beautiful metamorphosis − turning from a simple caterpillar, into a dead caterpillar,” he joked. “Hey mom, look, no economy!”

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *