On his show this past Thursday night, late night talk show host Jimmy Kimmel mocked President Trump over his proposed tariffs against China, bringing on a 2nd-grader to explain to the President how trade deficits work.
During a segment for Jimmy Kimmel Live, Kimmel slammed Trump for his proposal to impose $100 billion in additional tariffs on China after $50 billion were already announced.
“He defended his plan by highlighting our trade deficit with the Chinese,” Kimmel said. “He tweeted, ‘When you’re already $500 billion down, you can’t lose.’ Which, by the way, is the Trump company motto.”
As The Hill points out, the U.S. trade deficit with China in 2017 was $375 billion, not $500 billion, according to the Commerce Department.
“He seems to think that if one side has a deficit, that side is losing,” Kimmel said, adding, “That’s not how trade deficits work.”
Kimmel then introduced Shiloh, who is in the 2nd grade, and played a video of her explaining trade deficits.
“They can be a little bit tricky,” Shiloh says using diagrams explaining that trade deficits happen when a country buys more from another country than they sell.
According to Shiloh, Trump shouldn’t “freak out” because trade deficits can sometimes be a good thing for the economy.
“Are trade deficits good or bad?” Shiloh asks. “They’re both, Mr. President. If you have any other questions, let me know.”
Watch the video below, via Jimmy Kimmel Live:
Featured image via screen grab