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Following Donald Trump's re-election, he has pledged to impose significant tariffs on imports, particularly targeting China. This has prompted global companies to reconsider their supply chains, with many seeking alternatives to Chinese manufacturing. The potential economic repercussions are being felt across various sectors, especially in Southeast Asia.
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As President-elect Trump prepares to impose tariffs of up to 60% on Chinese imports, experts warn of significant impacts on China's economy. The country faces challenges from a property slump and rising debt, while the U.S. seeks to leverage its position in trade negotiations.
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Chinese researchers have developed gene-edited tomatoes with up to 30% higher sugar content without compromising size or yield. This breakthrough could enhance the sweetness of commercially grown tomatoes, addressing consumer preferences and increasing economic value in processing.
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The Culinary Workers Union has initiated an open-ended strike at Virgin Hotels Las Vegas, demanding better wages and benefits. This marks the first such strike in 22 years for the union, coinciding with the upcoming Las Vegas Grand Prix. Negotiations have stalled, with no new talks scheduled.
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Two undersea internet cables connecting Finland to Germany and Lithuania to Sweden were severed, raising suspicions of sabotage. German Defense Minister Boris Pistorius stated that the incidents are likely hybrid actions linked to Russia's ongoing threats in the region. Investigations are underway to determine the cause.