Watch this 2nd grader explain to Donald Trump how trade deficits work

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Mashable—If you're confused by all this talk of trade deficits, fear not — the second-grade kid in the clip above is here to break it all down for you. SEE ALSO: 7 wild moments from Playboy playmate's CNN interview about alleged Trump affair The video above was filmed for Jimmy Kimmel Live in response to Donald Trump's recent tweet about China, in which he wrote: "When you're already $500 Billion DOWN, you can't lose!" "That's not how trade deficits work," says Kimmel in the clip. "So to help the...

Is Donald Trump correct about the size of the U.S. trade deficit with Japan?. The Truth-o-Meter says: Half-True | Is Donald Trump correct about the size of the U.S. trade deficit with Japan? When President Donald Trump held a joint press conference with Japanese Prime Minister Shinzo Abe at his Mar-A-Lago resort, a Japanese journalist asked the leaders about trade between the two countries. Trump started his answer by saying, "The United States has a massive trade deficit with Japan. It's anywhere from $69 billion to a $100 billion a year. That's massive by any...