Global | BBVA Research Big Data Geopolitics Monitor. November 27, 2024

Israel and Hizbullah agree on a ceasefire. Trump appoints Bessent US Secretary of the Treasury. Mexican President threatens to retaliate on tariffs.

Key points

• Key points:
• A US-brokered ceasefire between Israel and Hizbollah has taken effect in Lebanon, following a year of intense hostilities. Announced by US President Joe Biden and approved by Israel’s security cabinet, the ceasefire includes conditions such as the withdrawal of Israeli forces from Lebanon within 60 days, to be replaced by the Lebanese army.
• President-elect Donald Trump has nominated Scott Bessent as the next US Secretary of the Treasury.
• Mexico suggests imposing its own tariffs to retaliate against Trump tariffs.

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