Michael Kosta on Trump doubling down then ditching Canada and Mexico tariffs, the GOP pretending the plunging stock market is normal, and the president pissing off China. Plus, Josh Johnson takes inspiration from Trump flip-flopping on tariffs. #DailyShow #Tariffs #Trump #China
Subscribe to The Daily Show:
https://www.youtube.com/channel/UCwWhs_6x42TyRM4Wstoq8HA/?sub_confirmation=1
Follow The Daily Show:
Twitter: https://twitter.com/TheDailyShow
Facebook: https://www.facebook.com/thedailyshow
Instagram: https://www.instagram.com/thedailyshow
Stream full episodes of The Daily Show on Paramount+: http://www.paramountplus.com/thedailyshow
Follow Comedy Central:
Twitter: https://twitter.com/ComedyCentral
Facebook: https://www.facebook.com/ComedyCentral
Instagram: https://www.instagram.com/comedycentral
About The Daily Show:
Jon Stewart and The Best F**king News Team host The Daily Show, an Emmy and Peabody Award-winning program analyzing the biggest stories in news, politics, and culture through a sharp, satirical lens. The Daily Show redefined the late night show category on TV and, with an audience of over 51M across social media platforms, has become a launching pad for some of the biggest stars in entertainment.
The Daily Show airs weeknights at 11/10c on Comedy Central.
Subscribe to The Daily Show:
https://www.youtube.com/channel/UCwWhs_6x42TyRM4Wstoq8HA/?sub_confirmation=1
Follow The Daily Show:
Twitter: https://twitter.com/TheDailyShow
Facebook: https://www.facebook.com/thedailyshow
Instagram: https://www.instagram.com/thedailyshow
Stream full episodes of The Daily Show on Paramount+: http://www.paramountplus.com/thedailyshow
Follow Comedy Central:
Twitter: https://twitter.com/ComedyCentral
Facebook: https://www.facebook.com/ComedyCentral
Instagram: https://www.instagram.com/comedycentral
About The Daily Show:
Jon Stewart and The Best F**king News Team host The Daily Show, an Emmy and Peabody Award-winning program analyzing the biggest stories in news, politics, and culture through a sharp, satirical lens. The Daily Show redefined the late night show category on TV and, with an audience of over 51M across social media platforms, has become a launching pad for some of the biggest stars in entertainment.
The Daily Show airs weeknights at 11/10c on Comedy Central.
Category
🗞
NewsTranscript
00:00Being president comes with a lot of pretty cool powers.
00:03You can write executive orders,
00:04you get one free checked bag on Air Force One,
00:07and even... you even get an uncensored feed of C-SPAN,
00:10which...
00:13But for Donald Trump, the power he enjoys the most
00:15is the power to impose tariffs.
00:18Tariffs are easy, they're fast, they're efficient,
00:22and they bring fairness.
00:23We're gonna bring so many things back to our country,
00:26and the thing that's gonna get us there is tariffs.
00:29We'll take in hundreds of billions of dollars in tariffs,
00:32and we're gonna make our country so strong and so rich,
00:36it will never be so rich.
00:37Tariffs. It's a beautiful word, isn't it?
00:41Tariff. It's a beautiful word.
00:43It's why I named my daughter Terrifany.
00:45This guy's so horny for tariffs, isn't he?
00:50I love any word with big, natural double Fs.
00:55According to Donald Trump, tariffs are great,
00:57and I also want our country to be rich
00:59without any negative consequences,
01:01so let's see how he's imposed tariffs on Canada and Mexico,
01:05and let's sit back and let's watch that economy roar, baby.
01:09Tonight, the stock market dropping more than 600 points.
01:11U.S. stock markets plunged for the second day in a row.
01:14We've seen consumer confidence tank.
01:17Layoff numbers across the U.S.
01:18are the highest they've been since 2020.
01:21The R-word is back, thanks in large part to tariffs.
01:24Wait, the R-word is back?
01:27Tariffs brought back the R-word?
01:31So I guess I can say it.
01:33Rrrrrr.
01:35Wall Street banks are starting to raise a red flag
01:37that recession odds have become unsettlingly high.
01:40Right, right, that R-word.
01:41Of course, that's what I was thinking.
01:43I can be such a recession sometimes.
01:45By the way, is recession an R-word now?
01:51Who thinks the word recession is offensive?
01:53Finance bros?
01:54Did they get woke?
01:56Before we discuss the impending R-word,
01:58we begin by acknowledging that we are on the ancestral grounds
02:01of Capitol Grill,
02:02where Chad was unjustly removed by the bartender
02:06before he could get a chance to cheat on his wife.
02:07Sup, Chad?
02:08So basically, Trump said the tariffs are gonna be
02:11a quick and painless way to get rich,
02:14and now that it turns out we're not all shitting gold,
02:17Republicans have moved into their new talking point.
02:20Hey, nobody said this was gonna be easy.
02:22Trust the process.
02:24There'll be a little disturbance,
02:27but we're okay with that.
02:29There's gonna be a little bit of pain going into this.
02:31It is going to be painful.
02:34And if I have to pay a little bit more for something,
02:36I'm all for it.
02:38We're gonna have to suffer through some bad news.
02:39There's going to be a short period of time
02:42where there'll be some higher prices on certain products.
02:46It's not inflation. That's nonsense.
02:48Yeah, yeah. Nonsense.
02:50It's not inflation, people.
02:52It's just higher prices on food and cars and gas
02:56and every other product we import
02:58from our biggest trading partners.
02:59But you know what?
03:01We might be in for some hard times,
03:02but tariffs are Donald Trump's whole thing.
03:05And if there's one thing I know about Donald Trump,
03:07he's a man who sticks to his guns.
03:09Unh!
03:10Breaking news into CNN.
03:12President Trump's officially delaying tariffs
03:14on Mexico and Canada.
03:16Wait, wait, wait, wait, wait, wait, wait, wait, wait.
03:18After all that, tariffs are now on hold?
03:20Trump just backed away from those tariffs
03:22like it was a longtime friendship
03:24with Jeffrey Epstein.
03:25So...
03:26Ooh!
03:29So tariffs are on.
03:31They're delayed. They're off.
03:32Who knows if they'll come back or when or for how long?
03:35Look, I'm not a big business guy, but quick question.
03:39Does anyone know if businesses need to make decisions
03:41more than four hours in advance?
03:44So it appears the only silver lining
03:46in this pointless trade war
03:48is that at least we're only fighting
03:50with Canada and Mexico, you know?
03:52If you're gonna pick a fight,
03:53pick a fight with two sissy countries you can beat.
03:55Right?
03:56Right?
03:57Right?
03:58The Chinese embassy in the U.S.
04:03tweeting earlier this week, quote,
04:05if war is what the U.S. wants,
04:07be it a tariff war, a trade war,
04:09or any other type of war,
04:11we're ready to fight till the end.
04:12Oh, shit.
04:14Uh...
04:16China.
04:17China don't play.
04:19They're like, if you got beef,
04:21we got broccoli, bitch.
04:22Let's go.
04:25Listen, Donald, Canada and Mexico are one thing,
04:27but please don't piss off China.
04:29I know you wrote the art of the deal,
04:31but they wrote the art of war.
04:32Okay?
04:36And I think a trade war with China
04:37might lead to, at best,
04:39a devastating economic depression,
04:41or, at worst, nuclear destruction
04:43of our most of American cities.
04:45Or, as Trump might say,
04:47may there be a little disturbance?
04:50But, look, for more on Trump's tariff policy
04:53and its economic effects,
04:54we go live to the White House with Josh Johnson.
04:58Josh.
05:00Josh.
05:02What...
05:05What exactly...
05:07What exactly is going on with these tariffs?
05:10Kosta, this is nothing we haven't seen before.
05:13These economic decisions are smart,
05:15so everyone should stop throwing around the R-word.
05:18Oh, recession.
05:20Okay, everybody should stop throwing around both R-words.
05:23All right?
05:24In fact, these tariffs are gonna help out all my N-words.
05:30Your... Your...
05:32My net gains, Kosta.
05:34Right, right, of course.
05:36Of course, your net gains.
05:37Hey, hey, you're not an economist.
05:39That's not your word to say, okay?
05:43Point is, these tariffs are necessary.
05:45I've been talking to President Trump,
05:47and I can speak exactly to his intentions on tariffs.
05:51I mean, come on.
05:52Y'all heard Donald Trump.
05:53He said during the campaign,
05:55we're doing this.
05:56It's an economic street fight,
05:58so you better get on board,
05:59because the pain is worth it to bring back manufacturing,
06:02even if it leads to higher prices.
06:04We are not backing down.
06:06Okay, but the American people don't like higher prices.
06:09Then forget the whole thing.
06:11Tariffs off, all right?
06:14I don't even know who suggested it.
06:17Trump did.
06:18He said they're necessary to bring back America's economy.
06:21And they are, which is why they're back on.
06:24So we are doing tariffs?
06:26Damn right we are.
06:27I ain't scared of shit.
06:30Not even more expensive housing?
06:32Tariffs are off.
06:33Okay, but that will increase the trade deficit.
06:36On again.
06:38What about the price of breakfast?
06:39Off in the morning, on at night.
06:42But Canada is retaliating.
06:45Off with Canada, on with China.
06:47We'll go to war with China.
06:48I don't give a fuck.
06:49Josh, China has nukes.
06:52No tariffs on China.
06:53In fact, we're part of China now.
06:58Josh, Josh, how can Trump run this country like this?
07:12Tariffs, no tariffs.
07:13We're Chinese.
07:14We're not Chinese.
07:15It's unsustainable.
07:17Get off his ass, Costa.
07:19All Trump's trying to do is stand firm on his principles, even though he doesn't know
07:23what they are yet.
07:26No matter the cost, although cost really shouldn't be a single dollar.
07:31And fuck what anybody thinks, but please nobody get upset.
07:34Josh, Josh, be realistic.
07:36Part of being a leader is knowing there are trade-offs to every decision.
07:40It's not possible for everyone to have a net gain.
07:43Well, I thought I told you, Costa, that's our word, okay?
07:47Me and my economists are going to fuck you up.
07:49I'm sorry.
07:50I'm sorry.
07:51Josh Johnson, everybody.
07:52Josh Johnson.
07:56Josh Johnson.
07:57Josh Johnson.