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Stupid. and i thought they were smart. i said you're wrong, justin. he said no, we have no trade deficit. i said well in that case, i feel differently. i said, but i don't believe it. i sent one of our guys out. his guy, my guy. i said check. well, sir, you're actually right. we have no deficit but that doesn't include energy and timber. and when you do, we lose $17 billion a year. it's incredible. >> now, whether or not we have a trade deficit with canada is an easily verifiable fact. according to the office of the united states trade representative, the u.s. in fact has a trade surplus was c...

Statement with allies in europe, he found himself in trouble with another ally closer to home, directly to our north, in fact. "the washington post" reported late wednesday that trump boasted in a fund-raising speech earlier in the day that he made up information in a meeting with canadian prime minister justin trudeau incorrectly stating the u.s. runs a trade deficit with canada. nbc news has since obtained the audio. >> nice guy, good-looking guy comes in. donald, we have no trade deficit. he's very proud because everybody else, you know, we're getting killed -- so, he's proud. i said, wrong...

On this day when president trump issued that joint statement with allies in europe, he found himself in trouble with another ally closer to home, directly to our north in fact. "the washington post" reported late wednesday that trump boasted in a fund-raising speech earlier in the day that he made um information in a meeting with prime minister justin trudeau incorrectly stating the u.s. run as trade deficit with canada. nbc news has since obtained the audio. >> nice looking guy comes in, donld, we have no trade deficit. he's very proud because everybody else, you know, we're getting killed....

I said you do. i didn't even know. josh,ly no idea. i just said you're wrong. you know why because we're so stupid. and i thought they were smart. i said you're wrong, justin. he said no, we have no trade deficit. i said well in that case, i feel differently. i said, but i don't believe it. i sent one of our guys out. his guy, my guy. i said check. well, sir, you're actually right. we have no deficit but that doesn't include energy and timber. and when you do, we lose $17 billion a year. it's incredible. >> now, whether or not we have a trade deficit with canada is an easily verifiable fact. a...

>> "the post" writes this, quote, the office of the united states trade representative says the united states has a trade surplus with canada. it reports that in 2016 the u.s. exported 12.5 billion more in goods and services than it imported from canada, leading to a trade surplus, not a deficit. president trump fired back on twitter this morning, quote, we do have a trade deficit with canada, as we do with almost all countries, some of them massive. p.m. justin trudeau of canada, a very good guy. doesn't like saying that canada has a surplus versus the u.s., negotiating, but they do. they alm...