Jon Stewart used this week’s instalment of The Daily Show to mock Donald Trump's new nickname for those concerned about his trade tariffs which are causing economic chaos around the world. The comedian began his monologue by describing the US economy as being in “the midst of a beautiful metamorphosis” as it transforms from a “beautiful caterpillar” into a “dead caterpillar”.

Stewart took on the tariffs in this week’s Daily Show monologue, in which he characterized our current situation as follows: “Our economy is in the midst of a beautiful metamorphosis, turning from a simple caterpillar into a dead caterpillar.