Trump Pauses Tariffs, Crashes the Stock Market & Threatens China | Antoni Porowski
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What is the focus of this episode of The Daily Show?
Welcome to The Daily Show.
I'm Michael Kosta. We've got so much to talk about tonight. The U.S. economy is down bad. Apparently America likes guns and Trump broke a campaign promise. So let's get into it. I'm going to come. Being president comes with a lot of pretty cool powers. You can write executive orders. You get one free checked bag on Air Force One. And you even get an uncensored feed of C-SPAN, which... But for Donald Trump, the power he enjoys the most is the power to impose tariffs.
Tariffs are easy, they're fast, they're efficient, and they bring fairness. We're going to bring so many things back to our country, and the thing that's going to get us there is tariffs. We'll take in hundreds of billions of dollars in tariffs, and we're going to make our country so strong and so rich, it will never be so rich. Tariffs, it's a beautiful word, isn't it?
Tariff. It's a beautiful word. It's why I named my daughter Tariphony. This guy's so horny for tariffs, isn't he? I love any word with big, natural double Fs. According to Donald Trump, tariffs are great. And I also want our country to be rich without any negative consequences. So let's see how he's imposed tariffs on Canada and Mexico. And let's sit back and let's watch that economy roar, baby.
Tonight, the stock market dropping more than 600 points.
How are Trump's tariffs affecting the stock market?
U.S. stock markets plunged for the second day in a row. We've seen consumer confidence tank. Layoff numbers across the U.S. are the highest they've been since 2020. The R-word is back, thanks in large part to tariffs. Wait, the R-word is back? Tariffs brought back the R-word? So I guess I can say it. Wall Street banks are starting to raise a red flag that recession odds have become unsettlingly high. Right, right, that R word. Of course, that's what I was thinking. I can be such a recession sometimes. By the way... Is recession an R-word now? Who thinks the word recession is offensive? Finance bros? Did they get woke? Before we discuss the impending R-word, we begin by acknowledging that we are on the ancestral grounds of Capital Grill, where Chad was unjustly removed by the bartender before he could get a chance to cheat on his wife. Sup, Chad? So basically... Trump said the tariffs are gonna be a quick and painless way to get rich.
And now that it turns out we're not all shitting gold, Republicans have moved into their new talking point. Hey, nobody said this was gonna be easy. Trust the process.
There'll be a little disturbance. But we're okay with that?
There's going to be a little bit of pain going into this.
It is going to be painful.
And if I have to pay a little bit more for something, I'm all for it.
We're going to have to suffer through some bad news. There's going to be a short period of time where there'll be some higher prices on certain products. It's not inflation. That's nonsense.
Yeah, yeah. Nonsense. It's not inflation, people. It's just higher prices on food and cars and gas and every other product we import from our biggest trading partners. But do you know what? We might be in for some hard times, but tariffs are Donald Trump's whole thing. And if there's one thing I know about Donald Trump, he's a man who sticks to his guns. Uh.
Breaking news into CNN. President Trump's officially delaying tariffs on Mexico and Canada.
Wait, wait, wait, wait, wait, wait. After all that, tariffs are now on hold? Trump just backed away from those tariffs like it was a longtime friendship with Jeffrey Epstein. So... So tariffs are on. They're delayed. They're off. Who knows if they'll come back or when or for how long? Look, I'm not a big business guy, but quick question.
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Chapters
6 chapters
1
What is the focus of this episode of The Daily Show?
1:04–2:44
2
How are Trump's tariffs affecting the stock market?
2:44–6:33
3
Why did Trump pause tariffs on Canada and Mexico?
6:33–8:48
4
What are the consequences of a trade war with China?
8:48–11:46
5
How does Michigan's gun buyback program work?
11:46–12:57
6
Are gun buyback programs effective in reducing gun violence?
12:57–32:46
Speakers
6 identifiedMore from The Daily Show: Ears Edition
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