November was marked by the U.S. elections, which resulted in a significant victory for the Repub-lican Party, now controlling the presidency, the House of Representatives, and the Senate. In the weeks following the results, the first key appoint-ments for the new administration were announced, notably Scott Bessent as Secretary of the Treasury, with Elon Musk and Vivek Ramaswamy leading the Department of Government Efficiency (DOGE). The absence of Robert Lighthizer, a prominent ad-vocate for import tariffs, in the government’s top tier was also notable.