We’ve faced Liberation Day, and everyone is still scrambling to get their heads around how Trump’s tariffs will impact the struggling economy.
Stephen Colbert breaks the past 24 hours in the Late Show clip above, from the stock market reaction to the way Trump may or may not have calculated his tariff formula.
“Everybody’s trying to figure out the logic behind these tariffs, and according to some guys on the internet who actually did this, the formula is apparently what you get if you ask ChatGPT to make tariff policy,” says Colbert, referencing an article by professor and former NYT columnist Paul Krugman. “Ohhh, busted! Somebody cheated on your tariff homework. ‘Oh God, I didn’t finish my project for Liberation Day! Or start it, or decide what it is! Help me out, Secretary Robo-brain.'”
