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President-elect Donald Trump has announced plans to impose significant tariffs on imports from Mexico, Canada, and China on his first day in office. The proposed tariffs aim to address illegal immigration and drug trafficking, raising concerns about their potential economic impact and implications for existing trade agreements.
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Apple is reportedly scaling back production of its Vision Pro headsets due to disappointing sales and user feedback. The device, launched at $3,500, has not met sales expectations, leading to a reduction in daily production and potential discontinuation by year-end.
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Recent developments highlight the ongoing challenges in securing critical minerals essential for clean energy technologies. The EU's efforts to diversify sources face competition from China, while new discoveries in Australia could reshape the palladium market. Recycling initiatives may mitigate mining needs, but geopolitical tensions complicate the landscape.
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As Donald Trump prepares to take office, UK Prime Minister Keir Starmer navigates complex trade relations. With Trump signaling potential tariffs and urging a choice between US and EU economic models, Starmer's government faces pressure to prioritize EU ties while managing US expectations. The situation poses significant challenges for the UK economy and its political alliances.
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At the recent G20 summit in Brazil, world leaders discussed the need for multilateral cooperation amid rising isolationism, particularly from the US under President Trump. The summit underscored the growing influence of China and the Brics nations as alternatives to Western-led frameworks, emphasizing economic connectivity and sustainability.
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President-elect Donald Trump has nominated Jamieson Greer as U.S. Trade Representative, emphasizing tariffs as a key component of his economic agenda. Greer, a former aide and trade lawyer, will oversee trade negotiations and implement Trump's aggressive tariff policies on China, Canada, and Mexico starting on his first day in office.
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The World Trade Organization (WTO) is at a critical juncture as Donald Trump prepares to return to the White House, threatening to impose significant tariffs and challenge the multilateral trading system. WTO Director-General Ngozi Okonjo-Iweala emphasizes the need for middle powers to support the organization amid rising tensions.
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Chiung Yao, a celebrated Taiwanese novelist known for her romance novels, has died at 86, suspected to be by suicide. Her works, including 'My Fair Princess,' have significantly influenced Asian pop culture, with many adaptations in film and television. Tributes from fans and actors highlight her lasting impact on the industry.