The U.S. economy has been taking a beating recently, with fears over Donald Trump’s tariffs causing the stock market to plummet.

“In the first Trump term, it took a disease to destroy the economy,” said Stephen Colbert on The Late Show Monday night. “This time, he is the disease.”

Colbert went on to play a clip of the president on Fox News, defending his actions by talking about taking the longer view.

“Oh sure, with a big enough time perspective nothing really matters,” said the late night host. “Beth, I can tell you’re mad I’m two hours late to our wedding, but I will remind you, on a geological scale, two hours is punctual. Does a mountain care that I got distracted looking at sandwiches on TikTok?”