What is a trade deficit, anyway?

The president wants to shrink the trade deficit, but how did we get a trade deficit anyway?

[dungeonkeeper]

you did everything but explain what a trade deficit is.

[radwulfeboraci]

Donald Trump is your major trade deficit ... he's flooding the US with BULLSHIT.

[rotate]

You talked about everything but answering what trade deficit is.

[annham]

Thank you for that. I was wondering if some certain people in high places may be making some false assumptions about it.

[mrdanthonyj]

We're not all really here because we;re not all really there, man...

[franklindmurphy]

Worst explanation ever. But sure answered a lot of questions I had about your channel.

[ReedCSings]

Legit did not answer the question, but implied that a trade deficit is a scenario where the US is spending more on foreign goods (imports) than other countries are spending on US goods (exports). Is that accurate?

[CaliforniaMISC]

Those factories are going be paying taxes here or in China, if there any. Then theres is a national security risk factor too

[lightbearer]

more wealth comes in than goes out
it's like selling less gold than one buy
it can't be a bad thing

[elviradensel]

Interesting, would like to hear less the annoying music

[michaellovell]

Without watching the video, I'm going to say a trade deficit is when you're buying more stuff than you're selling. Common sense tells me this could be because you are more able to afford their stuff than they are to afford yours, and could mean you're ending up with most of the stuff. Gotta love consumer capitalism...