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Welcome, ladies and gentlemen, children of all ages to The Late Show.

I'm your host, Stephen Colbert.

Last night, that's right.

Today, today is a significant day for our economy

because it was just midnight last night, right?

Midnight last night, Trump's latest round of tariffs took effect.

So I hope you remembered...

I hope you remember to set your clocks back to more expensive.

These tariffs are huge. The size of the hugueness, big. They raise import taxes to the highest level since the Great Depression.

Never a great sign.

Never a great sign to be compared to the worst thing ever.

Safety standards here at the nuclear power plant are at the lowest level since Chernobyl.

...