What Is a Trade Deficit and Why Should You Care?

The U.S. trade deficit hit $425 billion—what does that really mean for our economy and your wealth? In this first episode of a 3-part series, we break down which products are driving the trade gap and what it would take to bring that manufacturing back home. From electronics to food supply, not everything should be reshored—but some things absolutely must.

Resource:
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Chapters
00:00 Introduction to Asset Coach and Economic Termites
01:24 Understanding the Trade Deficit and Reshoring
02:52 Machinery and Manufacturing Opportunities
04:44 The Jewelry Market and Its Challenges
06:35 Electronics and Vehicle Manufacturing Reshoring
08:31 Clothing Manufacturing Perspectives
09:55 Food Security and Agricultural Reshoring

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