Global | BBVA Research Big Data Geopolitics Monitor. February 5, 2025

Trump proposes to take over Gaza and increase pressure on Iran. The US delays tariffs on Canada and Mexico but maintains those on China, which retaliates. The EU is ready to boost defense spending.

Key points

• Key points:
• Trump proposes the US "takes over" the Gaza Strip and signals a “maximum pressure” campaign against Iran.
• President Trump signed orders to impose tariffs on Canada, Mexico and China. Negotiations have postponed Mexico's and Canada's implementation.
• EU considers imposing an emergency clause to boost defense spending.

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