Trump's tariff wave has the USD up 6-8% against major nomad-destination currencies — which sounds great until you look at what Chiang Mai apartments actually cost in 2026. This week Alex and Sam run the honest numbers on Southeast Asia, break down Portugal's new NHR replacement (spoiler: most freelancers don't qualify), and make sense of what the DOGE federal layoffs mean for remote workers suddenly free to go anywhere. The geo-arbitrage play still works — but the spreadsheet needs an update.