Jimmy Kimmel is mocking President Trump Donald John TrumpBubba Wallace to be driver of Michael Jordan, Denny Hamlin NASCAR team Graham: GOP will confirm Trump's Supreme Court nominee before the election Southwest Airlines, unions call for six-month extension of government aid MORE over his proposed tariffs against China, using a second-grader to explain trade deficits to the president.

On “Jimmy Kimmel Live!” Thursday night, the late-night comedian hit Trump for considering imposing $100 billion in additional tariffs on China after $50 billion were already announced, the latest move in a series of back-and-forth tariff threats.

“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.”

When you’re already $500 Billion DOWN, you can’t lose! — Donald J. Trump (@realDonaldTrump) April 4, 2018

The United States' 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 added. “That’s not how trade deficits work. So to help the president understand it in very simple terms, we asked a second-grader named Shiloh to help explain it to him.”

Kimmel played a video of Shiloh explaining trade deficits.

ADVERTISEMENT

“They can be a little bit tricky,” Shiloh says in the video, complete with diagrams explaining that a trade deficit occurs when one country buys more from another country than they sell to that country.

Shiloh urges Trump not to “freak out” because trade deficits can be an indication of an economy doing well.

She notes that trade can create jobs and home and abroad, as well as “bring countries together,” but also highlights some of the problems, like American workers losing manufacturing jobs.

“Are trade deficits good or bad?” Shiloh concludes. “They’re both, Mr. President. If you have any other questions, let me know.”