Jon Stewart Tears Into Donald Trump’s Tariffs on ‘The Daily Show’: ‘We All Sink or Swim Together’

Jon Stewart hilariously dismantles Trump’s tariffs on The Daily Show, mixing sharp wit with economic insight as global markets tremble.

Jon Stewart brought his signature blend of biting humor and sharp insight to The Daily Show this week, taking aim at President Donald Trump’s controversial tariff policies in a segment that aired on April 8, 2025. Titled “Trade Wars”—a playful riff on Star Wars—the episode saw Stewart unpack the economic chaos triggered by Trump’s tariffs, delivering a critique that was as entertaining as it was sobering.

Kicking off the segment, Stewart leaned on a montage of news clips to set the stage, illustrating the dire financial fallout from Trump’s trade policies, which are set to fully kick in on Wednesday. The numbers spoke volumes: the stock market has shed a jaw-dropping $6.5 trillion in value, a figure that underscores the global economic tremors radiating from the U.S. “The global economy is teetering on the brink of a tailspin,” Stewart observed, his tone laced with incredulity as he highlighted how markets worldwide are reeling from the impact.

But Stewart didn’t stop at the numbers—he had Trump’s rhetoric in his crosshairs too. The president, in an attempt to brush off the mounting criticism, labeled his detractors “panican,” a term that Stewart couldn’t let slide without a roasting. “ ‘Panican?’ The genius who gave us classics like ‘Sleepy Joe’ and ‘Crooked Hillary’ just shit out, ‘You’re just a panican?’” Stewart deadpanned, mimicking Trump’s delivery with a smirk. Ever the comedian, he couldn’t resist riffing on better options. “How about ‘hystericrats?’ ‘Repussicans?’ How about ‘cryin-tologists?’” he suggested, drawing laughs from the audience while subtly exposing the flimsiness of Trump’s defense.

The mood shifted as Stewart dug deeper into the heart of Trump’s narrative: the idea that the U.S. is a victim of global trade. It’s a storyline the president has leaned on heavily, but Stewart wasn’t buying it. “We are not the world’s victims,” he declared, his voice rising with conviction. He argued that the U.S. holds immense sway over global trade dynamics—a power Trump’s tariffs are squandering rather than leveraging. “The U.S. has the power to shape global trade, not just react to it,” Stewart emphasized, framing the policy as not just economically disastrous but fundamentally misguided.

Wrapping up, Stewart distilled his critique into a poignant takeaway: Trump’s tariffs aren’t just tanking the economy—they’re undermining America’s standing on the world stage. “This isn’t about winning a trade war,” he said, his tone resolute. “It’s about recognizing that in a global economy, we all sink or swim together.” It was vintage Stewart—punchy, pointed, and packed with a message that lingered long after the laughter faded.

As the world braces for the full brunt of Trump’s tariff rollout, Stewart’s latest Daily Show segment stands out as a must-watch, blending razor-sharp comedy with a clear-eyed look at a policy shaking the foundations of global trade. For fans and critics alike, it’s a reminder of why Stewart remains one of TV’s most incisive voices.

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