" Trump knows exactly what he ’s doing . "

You knowOlivia Munn.

Well, theYour Friends and Neighborsstar had a surprise return onThe Daily Showon April 9 to explain the strategy behindPresident Donald Trump’s expanding tariffs.

Trump and his economic team’s “Liberation Day” tariffs have presentedseveral conflicting explanations— restoring American manufacturing, raising revenue to replace the income tax, and negotiating better deals.

Then, on Wednesday, Trump put a 90-day pause on tariffs for most countries, except for China, because they didn’t “retaliate.”

When host Desi Lydic asked, “What is Trump’s strategy here with these tariffs?” Olivia told her to “be cool” before hilariously breaking it down.

“Trump knows exactly what he’s doing. He put tariffs that destroyed the global economy, so then he took them off, and now it’s only mostly destroyed,” Olivia responded. “Now, to avoid tariffs coming back, other countries will cut deals with us for better trade terms and our deficit drops to zero — problem solved.”

Desi asked if this is “when we drop all the tariffs,” and Olivia’s playful answer was shockingly close to reality.

Olivia then joked that we “get whatever we want, baby” including Ikea furniture that’s already assembled and Honda Accords with trunks full of Nikes.

When Desi asked if this is when the trade war ends, Olivia pulled a hilarious pump-fake to mock defenders of these recent economic decisions.

When Desi asked, “How does any of this make up the trade deficit?” Olivia responded that it’s not about the trade deficit at all.

Then, Olivia addressed Trump’s speech at the National Republican Congressional Committee dinner on April 8, where he stated that foreign countries are “kissing my ass” in response to the tariffs.

While Olivia andThe Daily Showare simply mocking the “trade war,” tariffs, and the president’s recent remarks — it’s really eye-opening to how troubling this entire saga is to follow.

Watch the full segment fromThe Daily Showhere.

olivia smiling at a media event, wearing a shimmering sleeveless gown with long, loose hair

olivia in glasses and a business-casual outfit stands outdoors at night with a cityscape and American flags in the background

trump at a podium displays a large chart titled "Reciprocal Tariffs," detailing various countries and percentages related to tariffs

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Two women in a newsroom setting. One asks about Trump's tariffs strategy; the other responds, "Desi, be cool."

Person in a blazer and glasses gesturing during a TV segment with U.S. flags and buildings in the background

Three-panel comic: Two women discuss tariffs The second woman responds humorously, escalating the conversation each time

olivia wearing glasses and a blazer speaks in front of a building with American flags, appearing to report or present information

Split-screen image of two women, one in a suit behind a news desk, the other speaking forcefully with three captions about tariffs and economic effects

olivia eports live from an urban setting with tall buildings and flags in the background at night

Person in a blazer speaking outdoors with flags and a "Wall Street" sign visible in the background