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The Economic Times

Economy / The Economic Times

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An Alaska town is now key to Trump's global ambitions

Nome, Alaska, a remote Arctic town, is set to become the U.S.'s first deepwater Arctic port, a $548 million expansion aiming to boost trade and resources. While proponents see economic growth and self-sufficiency, residents and tribal members express concerns about population booms, infrastructure costs, and impacts on their traditional subsistence lifestyle.

21 Jan 2026 10:16 am