IBOV 166,191.45 ▼ 0.82% IPC MEX 70,879.44 ▲ 0.08% MERVAL 2,848,945 — — USD/BRL5.50▲ 0.82% USD/MXN18.74▲ 0.65% USD/CLP977.69▲ 1.16% USD/COP3,229▼ 0.65% USD/PEN3.44▼ 0.11% USD/ARS1,545▼ 0.19% USD/UYU40.22▲ 3.24% USD/PYG6,358▲ 9.88% USD/BOB11.92▲ 1.74% USD/DOP59.81▼ 1.14% USD/CRC449.63▲ 2.27% USD/GTQ7.64▲ 3.16% USD/HNL26.87▼ 0.09% USD/NIO36.62▲ 0.07% USD/VES892.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.67% USD/TTD6.64▲ 1.14% EUR/BRL6.17▲ 0.50% BRENT 99.25 ▲ 4.89% WTI 91.20 ▲ 3.50% IRON ORE 161.91 — — COPPER 6.21 ▼ 2.97% GOLD 4,098 ▲ 0.61% SILVER 51.83 ▼ 0.56% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74% IBOV 166,191.45 ▼ 0.82% IPC MEX 70,879.44 ▲ 0.08% MERVAL 2,848,945 — — USD/BRL 5.50 ▲ 0.82% USD/MXN 18.73 ▲ 0.55% USD/CLP 977.69 ▲ 1.16% USD/COP 3,238 ▼ 0.39% USD/PEN 3.44 ▼ 0.11% USD/ARS 1,545 ▼ 0.19% USD/UYU 40.22 ▲ 3.24% USD/PYG 6,358 ▲ 9.88% USD/BOB 11.92 ▲ 1.74% USD/DOP 59.90 ▼ 0.99% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.16% USD/HNL 26.87 ▼ 0.09% USD/NIO 36.62 ▲ 0.07% USD/VES 892.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.67% USD/TTD 6.64 ▲ 1.14% EUR/BRL 6.17 ▲ 0.47% BRENT 99.25 ▲ 4.89% WTI 91.20 ▲ 3.50% IRON ORE 161.91 — — COPPER 6.21 ▼ 2.97% GOLD 4,098 ▲ 0.61% SILVER 51.83 ▼ 0.56% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74%
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Trump Administration Axes 83% of USAID Programs in Historic Shakeup

By · March 11, 2025 · 2 min read

Secretary of State Marco Rubio announced on X that the Trump administration has canceled 83% of all programs at the United States Agency for International Development.

The administration eliminated approximately 5,200 contracts following a six-week review that concluded earlier than the initially planned 90 days. “The 5,200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve the core national interests of the United States,” Rubio declared.

He added that some programs actually harmed American interests, though he provided no specific examples. The remaining 1,000 programs will move under direct State Department control.

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This represents a significant consolidation of foreign assistance operations and fulfills President Trump‘s campaign promise to reduce government spending.

President Trump ordered the immediate suspension of all foreign aid on January 20, his first day back in office. The Department of Government Efficiency, led by Elon Musk, spearheaded the evaluation process alongside State Department officials.

Trump Administration Axes 83% of USAID Programs in Historic Shakeup
Trump Administration Axes 83% of USAID Programs in Historic Shakeup.
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Rubio specifically thanked Musk’s team for what he called “this overdue and historic reform.” The two men had reportedly clashed over the scope of cuts during a White House meeting last week but now appear aligned on the agency’s future.

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USAID Budget Cuts

The administration claims these cuts will save approximately $58 billion in total. USAID previously operated in over 100 countries with programs addressing global health, disaster relief, and economic development.

Health experts warn these reductions could have devastating consequences. One internal memo suggested a yearlong pause in USAID work would increase malaria deaths by 40% and tuberculosis cases by nearly 30%.

The cuts face ongoing legal challenges. Chief Justice John Roberts temporarily halted a lower court’s order requiring the administration to resume payments on existing grants, giving officials more time to comply with payment obligations.

Critics argue these cuts undermine decades of bipartisan consensus on foreign assistance as a tool of American influence. Meanwhile, the administration maintains that remaining programs will operate “more efficiently” under State Department oversight.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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