John Oliver on Sunday delivered a scathing evaluation of the fallout from President Donald Trump’s tariffs, describing the previous week as “complete chaos.”
On “Final Week Tonight,” the host in contrast the present market turmoil to that attributable to the COVID-19 pandemic, the 2008 monetary disaster and the October 1987 crash. That final one, he mentioned, was so dramatic that “Nightline” even introduced in “Muppets” characters to clarify it.
“What is evident is that he’s [Trump] destabilizing our financial system with no actual plan of motion and all I’ll say is, if our subsequent episode opens up with me sitting subsequent to a chart of the NASDAQ and Miss Piggy, it means we’re fucked,” quipped Oliver, a frequent referer to the puppets.
Past market panic, Oliver mentioned that “perhaps probably the most putting factor over the previous two weeks has been the diploma to which it’s develop into clear the world’s belief in America has been shattered.”
“This isn’t simply the abnormal give and take of negotiations, international locations are brazenly saying issues are completely different now,” he added.
Oliver pointed to feedback from Canadian Prime Minister Mark Carney, who mentioned: “The worldwide financial system is essentially completely different right this moment than it was yesterday. The system of world commerce anchored on america […] is over. Whereas this can be a tragedy, that is additionally the brand new actuality.”
“Wow,” Oliver responded. “That may be a bleak factor to listen to. ‘Tragedy is the brand new actuality’ is a grim summation of the state of world affairs, but in addition, I’m simply gonna say it, sort of a fucking bar. Truthfully, you slap that title on a brand new Fall Out Boy album, the ladies are going feral.”
Watch Oliver’s full monologue right here:
