“Late Show” host Stephen Colbert mocked President Donald Trump ’s explanation for his about-face on TikTok, which he tried to ban during his first term in office but is now trying to protect. Critics say the popular social media video platform has close ties to the Chinese government and could be used as a tool to spy on Americans.

This is money that normally would have gone to China,” Trump proclaimed on Tuesday while unveiling Stargate, an artificial intelligence project that will cost $500 billion, according to its participants OpenAI,