In this deep-dive episode of The Personal Finance Project, Scott and Greg tackle one of the most complex—and misunderstood—topics in economics: global trade. From tariffs and trade deficits to the surprising value of the Panama Canal and the curious case of America's largest trade surplus (hint: it's not with Canada), they unpack what trade really means for the U.S. economy and your investment portfolio. Along the way, they explore how innovation, efficiency, and even AI may shape the future of manufacturing—and debate whether tariffs are a necessary evil or an outdated strategy. Stick around for economic trivia, a $1,500 sandwich, and why your Costco bill says more about global economics than you'd think.

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