Weekend Update was full of zingers about President Donald Trump’s rapid about-face in the wake of the stock market crash his global tariffs spurred.

Co-anchor Colin Jost kicked off the Saturday Night Live segment by quipping that Potus “tried to rescue the economy from the disastrous policies of whoever was president last week.”

Addressing corporate CEOs’ shock at the aggressive tariffs, the late-night show played a supercut of Trump’s affinity for tariffs, something voiced often during his presidential campaign. “It’s like listening to Bubba Gump talk about shrimp,” Jost remarked.

Meanwhile, co-host Michael Che chimed in, calling into question Trump’s claim that the economic downturn was like treating an ailment: “Yeah, but this feels like we took a whole bottle of medicine with a glass of vodka and laid in a warm bath.”

Che also got the biggest reaction of the night, with his one-liner: “It...