Trump roasted over ‘Liberation Day’ claims after sweeping tariffs
Stephen Colbert on Trump (The Late Show with Stephen Colbert/CBS)
Stephen Colbert satirized President Trump's new tariffs on imported goods, dubbing the day "Liberation Day."
Colbert joked that Americans were now free from the "tyranny" of buying foreign products and questioned their ability to make their own goods.
Trump introduced a 10% minimum duty on imports, with some countries facing up to 50% tariffs.
Colbert highlighted concerns that these tariffs, the strictest since the 1930s, could lead to increased prices for American consumers and a potential economic downturn.
Trump's claim that maintaining tariffs would have prevented the Great Depression was countered by Colbert and historical consensus.