Late-night host Stephen Colbert used his Thursday monologue on The Late Show to criticize President Donald Trump’s newly announced tariff policy, making a series of sarcastic remarks aimed at the administration while avoiding discussion of the economic motivations behind the decision.
President Trump earlier this week announced reciprocal tariffs on dozens of countries, describing the move as necessary to correct decades of trade imbalances.
According to the White House, the goal of the new tariffs is to protect American workers and industries that have been disadvantaged by foreign trade practices for more than 50 years.
“These tariffs are about fairness. The American taxpayer has been ripped off for more than 50 years. That ends now.”
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Colbert opened his monologue by referencing the financial market’s reaction to the news, jokingly comparing the economic dip to the COVID-19 pandemic.
“Anyone feeling liberated? Worst day for our economy since COVID. Just a little reminder: This time, he’s the disease.”
Over the course of the 13-minute segment, Colbert mocked the idea of a so-called “deep state,” suggesting that if it existed, it would have prevented Trump’s tariff plan from being implemented.
“Because if there was, they would’ve stopped this shit. But if they do exist, I just want to say to the cabal of financial and governmental elites who pull all the strings behind the scenes: Maybe put a pause on your 5G chip JFK Jr. adrenochrome chemtrail orgy and jump in here cuz we’re f**king dying.”
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Despite the extended commentary, Colbert did not mention any of the policy rationale presented by the Trump administration for enacting the tariffs. There was no reference to the impact of past trade agreements such as the North American Free Trade Agreement (NAFTA), which led to an estimated loss of 4.5 million U.S. manufacturing jobs over several decades.
Additionally, Colbert did not address how many small towns and working-class communities in the United States were affected by the closure of factories and industries that moved overseas under those trade deals.
The White House has stated that the tariffs are part of a broader strategy to reverse that damage and bring jobs back to American soil.
Critics of Colbert’s monologue have pointed out that the comedian, who is reportedly worth $75 million, chose to use his platform to ridicule economic policies without acknowledging how free trade agreements have impacted working Americans across the Midwest, South, and industrial regions.
The Trump administration maintains that reciprocal tariffs are intended to restore economic independence and fairness in international trade, particularly in light of longstanding trade imbalances with countries such as China.
While Colbert’s monologue drew applause from his studio audience, the debate over the real-world effects of trade policy is expected to continue as the administration implements the new tariff measures and foreign governments respond. The White House has not responded to Colbert’s remarks.
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