IBOV 174,576.80 ▲ 1.55% IPSA 11,450.75 ▼ 0.76% IPC MEX 65,522.56 ▼ 0.38% MERVAL 3,009,029 ▲ 0.46% COLCAP 2,508.47 ▼ 0.09% BVL PERÚ 60,117.56 ▲ 0.55% USD/BRL5.13▼ 0.40% USD/MXN16.93▼ 0.11% USD/CLP911.95▼ 0.10% USD/COP3,088▲ 0.80% USD/PEN3.35▼ 0.08% USD/ARS1,512▼ 0.02% USD/UYU40.18▲ 1.55% USD/PYG5,968▲ 1.18% USD/BOB11.47▲ 1.21% USD/DOP58.01▲ 0.07% USD/CRC447.25▲ 1.40% USD/GTQ7.62▲ 2.15% USD/HNL26.82▲ 0.34% USD/NIO36.62▲ 0.09% USD/VES785.55▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.97% EUR/BRL5.98▼ 0.46% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 174,576.80 ▲ 1.55% IPSA 11,450.75 ▼ 0.76% IPC MEX 65,522.56 ▼ 0.38% MERVAL 3,009,029 ▲ 0.46% COLCAP 2,508.47 ▼ 0.09% BVL PERÚ 60,117.56 ▲ 0.55% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Brazil and Mexico Presidents, Friends of Trump, Have Yet to Congratulate Joe Biden

By · November 9, 2020 · 4 min read

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RIO DE JANEIRO, BRAZIL – There were two notable holdouts among the world leaders who rushed to congratulate Joe Biden on his victory in the U.S. elections: the leaders of Latin America’s two largest countries, both of whom have been seen as friendly to President Donald Trump in different ways.

President Jair Bolsonaro of Brazil, sometimes dubbed “the Trump of the Tropics” for his populist, off-the-cuff style, has kept silent on Trump’s loss. And Mexican President Andrés Manuel López Obrador refused to congratulate Biden at this point, saying he would wait until the legal challenges over the vote were resolved.

There were two notable holdouts among the world leaders who rushed to congratulate Joe Biden on his victory in the U.S. elections: the leaders of Latin America’s two largest countries, both of whom have been seen as friendly to President Donald Trump in different ways.
There were two notable holdouts among the world leaders who rushed to congratulate Joe Biden on his victory in the U.S. elections: the leaders of Latin America’s two largest countries, both of whom have been seen as friendly to President Donald Trump in different ways. (Photo internet reproduction)
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Trump and the two Latin leaders are united by some surface similarities: They dislike wearing masks during the coronavirus pandemic, and all three can loosely be described as populist and nationalist. But the motives of the two Latin leaders may differ.

Bolsonaro and his sons — who like Trump’s children play a role on the political scene — seem to be actively uncomfortable with the outcome of the U.S. race. Bolsonaro, who previously expressed hope for Trump’s reelection and whose son wore hats with the logo “Trump 2020,” has kept largely silent this week, but his sons haven’t.

Congressman Eduardo Bolsonaro posted images on social media questioning how Biden’s votes were rising so quickly in later counts, while Trump’s weren’t.

The younger Bolsonaro also questioned networks’ decision to cut away from Trump’s speech on Wednesday alleging vote fraud, calling it an attack on freedom of speech.

However, President Bolsonaro has been adopting a more pragmatic tone, at least since last Wednesday, following the guidance of his advisers.

At the beginning of the week, some of the more ideological elements in Bolsonaro’s office believed in a Trump victory, but since then, the diplomatic staff has made contact with Biden’s campaign.

López Obrador’s cordial relationship with Trump, meanwhile, was often seen as unusual for a left-leaning politician, but it had a workmanlike basis.

In part, that is political realism: In 2019, Trump threatened to apply crippling tariffs on Mexican products unless López Obrador cracked down on Central American migrants crossing Mexico to reach the U.S. border. Mexico complied, rounding up migrants and busing them back to their home countries.

But there were also moments of seeming real friendship between the two. On Saturday, López Obrador was one of the few world leaders still willing to heap praise on Trump.

“President Trump has been very respectful of us, and we have reached very good agreements, and we thank him because he has not interfered and has respected us,” López Obrador said.

López Obrador had angered many at home and in the U.S. Democratic Party when he made his first — and so far only — trip abroad as president to meet Trump to celebrate the enactment of the new U.S.-Mexico-Canada free trade agreement, which both leaders viewed as fixing problems with the North American Free Trade Agreement (NAFTA) of the 1990s.

López Obrador didn’t meet with Biden or his campaign team during that trip, and the wounds are still apparently there, even though the Mexican president said he knows Biden and had “very good relations” with him.

Rep. Joaquin Castro, the Democratic congressman for Texas’ 20th District, wrote in Spanish in his Twitter account that the unwillingness to congratulate Biden “represents a true diplomatic failure on the part of Andrés Manuel López Obrador, at a moment in which the incoming Biden administration is seeking to start a new era of friendship and cooperation with Mexico.”

Mexico was able to easily crack down on migrant caravans in 2019 and 2020 because appeasing open U.S. pressure is fairly understandable if distasteful at home; but asking Mexico to do so without open threats would be more politically costly for López Obrador.

The Mexican president might fear reprisals in the short time Trump has left in office, but his failure to patch up any hurt feelings with the Biden team is already exposing López Obrador to criticism at home.

“To quote (Mexican singer) Juan Gabriel, ‘What do you gain?’” the newspaper El Universal said in an editorial Sunday. “Donald Trump will be president for two more months, but Joe Biden will be president for four more years! And we have already started off this relationship on the wrong foot.”

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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