The Daily Show: Ears Edition
Trump Caves to Tariff Uproar, But Doubles Down on China | Olivia Munn
Thu, 10 Apr 2025
Desi Lydic tracks Trump's "Tariff Day" roller coaster ride, from his shock announcement of a 90-day pause on reciprocal tariffs, to slapping even more tariffs on China. Plus, Olivia Munn explains how Trump's tariff chaos is all just brushstrokes in the art of his deal. Could resurrecting the woolly mammoth be the fix for modern climate change? Troy Iwata sits down with leading scientists and paleontologists to determine if engineering woolly mammoths could be a problem or a solution. Former Daily Show correspondent and actor Olivia Munn sits down to discuss her new Apple TV+ series "Your Friends & Neighbors." They talk about Munn’s first day as a correspondent 14 years ago, bending gender stereotypes as the “fun mom,” opening up about her struggle with postpartum anxiety, how a health test saved her life from breast cancer, and the role alongside Jon Hamm that brought her back to acting.See omnystudio.com/listener for privacy information.
Chapter 1: What happened on Trump's Tariff Day?
We've got so much to talk about tonight. Trump's tariffs are off, but they're on again, but they're also off. So who cares? Let's get into it with another installment of Trade Wars.
My favorite word, my favorite word, tariffs.
Last Wednesday, Donald Trump announced that in one week, he was gonna impose the biggest increase in tariffs in 100 years. And after a week of panic buying, a year's supply of toilet paper and air fryers, the day has finally arrived.
It is 11.59 and 48 seconds, which means we are just moments away from the president's new tariffs.
It's President Trump's long-awaited tariff day.
It's reciprocal tariff day. Well, the tariffs are here. All right, it is tariff day.
Happy Tariff Day, everyone! It's what Trump is replacing Juneteenth with. Now, Trump is celebrated by putting tariffs on every country in the world, including 104% on products made in China, which is probably fine. I mean, how many products are made in China? But Tariff Day wasn't just celebrated here in America. Other countries got in on the fun, too.
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Chapter 2: How did other countries respond to Trump's tariffs?
Swift retaliation. Both China and the European Union are responding to President Trump's tariffs. China has announced its own retaliatory tariffs, 84% on all U.S. goods it imports.
According to the European Union, almonds, orange juice, poultry, soybeans, steel and aluminum products, tobacco and yachts imported from the United States now will have a 25% levy on them.
25% on yachts? Why do these trade wars always have to screw over the little guy? I'll be honest, I didn't even know America made yachts. I thought the only thing we made here was Nepo babies. But this really feels like it's spiraling out of control. It seems like the smart move is to back off this whole thing. But Trump's team has been adamant that they will stay the course.
This is not a negotiation.
It's not the kind of thing you can negotiate away. I don't think there's any chance that President Trump's going to back off his tariffs.
The president made it clear yesterday this is not a negotiation. Trump posted this morning, my policies will never change.
Well, that's it then. They're in it to win it. Full speed ahead from the window to the walls. Skeet, skeet, skeet, mother . Trump's policy will never, ever change.
This is CNN breaking news. The president announced just minutes ago that he's now, quote, authorized a 90-day pause on some of his new tariffs.
What? The trade war's over? But it's tariff day. I shaved my legs for this. Now I have to grow it all back. But hey, at least we can buy things from China again, right? I mean, Amazon Prime, here I come.
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Chapter 3: Why did Trump pause some tariffs but increase others?
Notably, though, the president is raising the tariff applied to China from the United States to 125% effective immediately. So this pause applies to other countries, not China.
Hey, Siri, cancel 1,000 air fryers. Trump, I don't understand what happened here. You tanked global stock markets. You put us on the verge of a recession. You told everyone to build factories in America because the tariffs wouldn't go away. And then you took them away. What happened? Did you just get spooked by the markets? The 90-day pause when there was a
Is that because of the whiplash that we've been seeing across the financial market?
No, this was his strategy all along. Absolutely brilliant move. Brilliant not only economically, politically, it was good for the American worker. He's negotiator-in-chief, he's landing the plane, he's the master of the deal. I mean, you're watching the art of the deal in real time here.
Many of you in the media clearly missed the art of the deal. Uh, yes, the art of the deal. Create a global crisis and then dig yourself halfway out. It's truly masterful, Donald. I'm starting to think that the art of the deal is art in the way that Jackson Pollock is art.
Like, it looks like someone just threw a bunch of shit at the wall, but now I have to pretend like it's genius and it's gonna cost millions of dollars? Come at me, abstract expressionism hive. You know I'm right. Come on, Trump, just admit that you started a game of chicken and you got too scared to finish it.
Well, I thought that people were jumping a little bit out of line. They were getting yippy, you know? They were getting a little bit yippy, a little bit afraid. Oh.
Okay, it's our fault. We got too scared. Sorry, I tend to get a little yippy when my retirement plan starts to look like the elevator from The Shining. Straight down and heavy flow. I'm sorry. I don't mean to be dramatic, but this is the worst tariff day ever. This whole trade war was launched on incoherent arguments.
You stuck to your guns for incoherent reasons, and now you're pulling back for incoherent reasons. Is there anything you can say that actually makes sense?
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Chapter 4: What is the strategy behind Trump's tariff decisions?
Yes, then it makes sense for the trade war to end. But psych, bitch, 4 billion percent tariffs. You're in our house now. The new iPhone, $3. Nike sneakers comes with a Honda Accord. Then we pee on their currency again. They're not even watching. It's just the only way we can pee anymore.
Olivia, why? How does any of this make up the trade deficit?
Desi, baby girl, it's not the trade deficit. This is all to make up for Donald Trump's enormous deficit of attention and love. He said as much last night.
I'm telling you, these countries are calling us up, kissing my ass. They are dying to make a deal. Please, please, sir, make a deal.
Chapter 5: Who is Olivia Munn and what is her perspective on Trump's tariffs?
See? He's just a boy. Standing in front of the world, asking to have his ass kissed. And once the world fills the aching hole in his heart, the tariffs will end.
But that will never happen. There's not enough attention in the world to make him feel like a human again.
Exactly, bitch.
Oh, now I get it. Wow, that was really enlightening. Thanks, bitch. Who are you calling bitch? Oh, I'm sorry. I'm sorry. I thought we were... Having a thing? Yeah. Yeah, we're not. Oh, okay. Well, thank you for your analysis.
Olivia, Olivia.
Well, she's gone.
Olivia Munn, everyone!
When we come back, you'll find out which free historic animal
Welcome back to The Daily Show. This week, scientists announced that they had produced three cubs with the DNA of the prehistoric dire wolf. Then two days later, a white woman tried to bring one on an airplane as her emotional support animal. But the question is, what animal is next in line for de-extinction? Troy Iwata found out.
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Chapter 6: What are scientists saying about resurrecting the woolly mammoth?
So a big part of this is about knocking down trees.
And restoring the grasslands and the vibrant ecosystem that came along with them.
Right, right. Have you considered monster trucks? I feel like with the right combination of monster trucks, monster truck drivers, and meth, you could really knock down a lot of trees. We haven't discussed that yet. That's out of the box. Well, I am on board.
Not because I'm pretending to understand everything that you're saying or comprehend the science behind it, but I would love a pet woolly mammoth. I think that would be fun. I, okay.
Chapter 7: How could bringing back woolly mammoths help combat climate change?
Just me and my pet, Willie Nelson. This is the best idea ever.
I think it's a bad idea. Extinct species are extinct. Bringing them back to influence climate change, it's a non-starter.
There's always a buzzkill. Meet Dr. Ross McPhee from the American Museum of Natural History.
I've spent most of my career on Ice Age paleontology, on mammoths, on saber-toothed cats, you name it, I've been there.
Wait, so you're a paleontologist who works at the American Museum of Natural History and your name is Dr. Ross?
I know, I know where you're going with this.
I didn't think today could get any better, but oh my God.
Okay, Troy, here it is. This is the mammoth. This is what they want to bring back? They want to bring this back in all of its glory. Wow. Well, it seems easy enough. The bones are all there.
Right, but it's a little matter of the soft tissues that we need as well.
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Chapter 8: What are the challenges and controversies around de-extinction?
The woolly mammoth and the Asian elephant are very closely related. We can engineer them to be compatible with genetic engineering tools.
So in a way, you're making sort of an Asian hybrid? Correct. Okay, well now I know why they asked me to do this interview.
But here's the problem. Money that's going to be spent would be much better spent on endangered species that are still with us.
But can you imagine a beautiful world where humans and woolly mammoths play together on Earth?
We're talking about an animal that is eating 300 pounds of food a day.
300 pounds? Someone call TLC.
Yeah, I know. Nobody wants something that's 5,000 to 6,000 pounds marching around in their yard.
Oh, my God. Have you been reading my journal? In my childhood dream journal, I wrote, I want something that's 5,000 to 6,000 pounds marching around my yard. It's a big mistake. Well, I was a kid. Both of these geniuses made good points, but only one of them had a secret lab full of prehistoric creatures. And I couldn't believe I was finally going to meet one of these majestic mammoths. Wow.
This is amazing. So where are the mammoths? Are they in the back?
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