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As the election approaches, Vice President Kamala Harris and former President Donald Trump outline contrasting housing policies. Harris aims to build 3 million homes and provide down-payment assistance, while Trump focuses on reducing regulations and immigration impacts on housing. Both face challenges amid a national housing shortage.
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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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Elon Musk has publicly endorsed Howard Lutnick for Treasury Secretary, emphasizing the need for change over the 'business-as-usual' approach of rival Scott Bessent. As President-elect Trump finalizes his cabinet, Lutnick and Bessent are the leading candidates, with Trump also considering Marc Rowan and Kevin Warsh amid ongoing tensions and differing views on tariffs.