Government
November 9, 2016
Donald Trump's economic and trade policies may create challenges for luxury activities
By Sarah Jones
As United States President-elect Donald Trump prepares to take office next January, luxury marketers will have to recalibrate their strategies and wonder if the billionaire will keep all his campaign promises.
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","iv":"d2593ae44bf4e31e83e6af5ad05b5cdd","s":"20f0e4f8255dba03"}
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