IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.59% USD/MXN17.52▲ 0.77% USD/CLP946.49▲ 1.16% USD/COP3,197▼ 0.93% USD/PEN3.39▼ 0.24% USD/ARS1,489▲ 0.40% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 0.20% BRENT 100.09 ▲ 6.40% WTI 91.72 ▲ 5.63% IRON ORE 161.91 — — COPPER 6.32 ▼ 2.09% GOLD 4,048 ▼ 2.40% SILVER 57.76 ▼ 3.77% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 68.89 ▼ 0.16% PETR4 42.89 ▲ 0.73% VALE3 75.44 ▲ 0.45% ITUB4 42.47 ▼ 1.00% BBDC4 18.76 ▼ 1.11% ABEV3 15.88 ▼ 1.55% BBAS3 20.94 ▼ 0.71% B3SA3 15.64 ▼ 1.64% WEGE3 45.10 ▼ 3.51% PRIO3 60.96 ▲ 1.99% SUZB3 42.37 ▼ 0.68% RENT3 36.96 ▼ 0.48% AZZA3 17.10 ▼ 3.99% CSAN3 3.91 ▼ 0.26% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.86 ▼ 1.28% PSSA3 55.26 ▼ 0.34% CVCB3 1.32 ▲ 3.94% POSI3 3.61 ▼ 2.43% SLCE3 13.74 ▼ 1.58% NATU3 8.61 ▼ 0.81% BRKM5 6.21 ▲ 2.31% RANI3 7.95 ▼ 0.63% CSNA3 5.33 ▼ 0.93% CMIN3 5.89 ▲ 0.86% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.72 ▼ 0.96% CPFE3 46.37 ▼ 0.73% CMIG4 11.21 — 0.00% EQTL3 38.99 ▼ 0.91% LREN3 13.40 ▼ 1.03% VIVT3 34.65 ▼ 2.06% RAIL3 13.95 ▲ 2.27% KLABIN 17.63 ▼ 1.67% RAIA DROGASIL 18.21 ▼ 0.44% RDOR3 33.83 ▼ 1.91% HAPV3 10.57 ▼ 7.20% FLRY3 16.64 ▼ 0.06% SMTO3 15.79 ▼ 1.62% UGPA3 33.17 ▲ 1.04% VBBR3 35.57 ▲ 1.69% BBSE3 42.54 ▼ 0.09% BPAC11 56.13 ▼ 1.56% CURY3 29.58 ▼ 2.05% AERI3 2.02 ▼ 1.46% VIVARA 21.57 ▲ 0.09% COMPASS 25.10 ▲ 1.17% VAMOS 3.19 ▼ 1.24% SANB11 26.61 ▼ 1.26% ASAI3 8.04 ▼ 4.29% SBSP3 29.00 ▼ 0.99% WALMEX 47.11 ▼ 3.17% GMEXICO 208.22 ▼ 3.16% FEMSA 222.68 ▼ 2.22% CEMEX 21.47 ▼ 3.16% GFNORTE 189.93 ▼ 0.88% BIMBO 59.16 ▼ 1.89% TELEVISA 9.83 ▲ 0.10% AMX 22.80 ▲ 0.48% GAP 377.43 ▲ 0.19% ASUR 269.72 ▼ 1.39% OMA 227.25 ▼ 0.63% KOF 179.87 ▼ 1.52% GRUMA 270.49 ▼ 3.55% KIMBER 39.20 ▲ 0.98% SQM-B 65,701 ▲ 0.99% COPEC 6,452 ▼ 1.50% BSANTANDER 79.56 ▼ 0.36% FALABELLA 6,080 ▲ 0.63% ENELAM 84.53 — 0.00% CENCOSUD 1,971 ▼ 1.93% CMPC 1,047 ▼ 2.15% BANCO CHILE 191.16 ▼ 1.21% LATAM AIR 23.62 ▼ 1.95% YPF 82,725 ▲ 0.27% GGAL 7,995 ▼ 3.38% PAMPA 5,640 ▲ 0.27% TXAR 681.50 ▲ 2.02% ALUAR 985.00 ▲ 1.13% TGS 10,060 ▲ 1.56% CEPU 2,423 ▲ 0.50% MIRGOR 16,800 ▼ 0.74% COME 42.88 ▼ 0.60% LOMA NEGRA 3,768 ▼ 1.12% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,313 ▼ 2.43% ECOPETROL 16.42 ▼ 1.62% BANCOLOMBIA 86.37 ▲ 2.02% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 388.87 ▼ 1.22% SOUTHERN COPPER 183.84 ▼ 5.95% BUENAVENTURA 31.24 ▼ 2.65% MERCADOLIBRE 1,791 ▼ 0.47% NUBANK 14.24 ▼ 1.87% XP 16.83 ▼ 2.75% PAGSEGURO 9.44 ▼ 2.43% STONE 10.94 ▼ 3.70% GLOBANT 30.37 ▼ 0.98% TECNOGLASS 43.78 ▼ 3.19% GAP AIRPORT 215.36 ▼ 1.00% ASUR 269.72 ▼ 1.39% OMA AIRPORT 103.89 ▼ 1.39% AMX ADR 25.93 ▼ 0.75% FEMSA ADR 127.22 ▼ 2.83% CEMEX ADR 12.25 ▼ 3.73% PETROBRAS ADR 19.00 ▲ 0.56% VALE ADR 14.81 ▼ 0.30% ITAU ADR 8.35 ▼ 1.59% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.10 ▼ 1.43% CSN 1.06 ▼ 2.75% GERDAU 4.73 ▼ 0.84% LATAM ADR 49.67 ▼ 3.10% BTC 64,656 ▼ 2.19% ETH 1,870 ▼ 3.31% SOL 75.46 ▼ 3.14% XRP 1.10 ▼ 3.36% BNB 565.39 ▼ 0.94% ADA 0.17 ▼ 3.10% DOGE 0.07 ▼ 5.43% AVAX 6.26 ▼ 5.40% LINK 8.44 ▼ 2.16% DOT 0.81 ▼ 2.54% LTC 46.87 ▼ 0.43% BCH 209.71 ▼ 4.66% TRX 0.33 ▼ 0.57% XLM 0.18 ▼ 2.68% HBAR 0.07 ▼ 1.07% NEAR 1.87 ▲ 0.06% ATOM 1.42 ▼ 3.17% AAVE 95.19 ▼ 2.23% SELIC 14.25% EMBRAER 83.77 ▼ 0.02% EMBRAER ADR 65.99 ▼ 0.09% JBS 12.11 ▼ 1.18% JBS BDR 61.51 ▼ 0.47% MBRF3 15.72 ▼ 1.93% MBRFY 3.06 ▼ 4.08% INTER 5.41 ▼ 4.92% EGX 53,932 ▼ 0.11% USD/ZAR16.82▲ 2.59% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.83▲ 0.42% USD/CNY6.77▼ 0.05% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.28% GBP/USD1.33▼ 0.46% SPX 7,399 ▼ 1.34% DJI 51,687 ▼ 1.02% NDX 28,425 ▼ 1.98% RUT 2,933 ▼ 0.91% TSX 35,155 ▼ 0.93% VIX 19.51 ▲ 17.25% USD/CAD1.41▼ 0.05% US10Y 4.7030 ▲ 0.99% IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.59% USD/MXN 17.52 ▲ 0.77% USD/CLP 946.49 ▲ 1.16% USD/COP 3,197 ▼ 0.93% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,489 ▲ 0.40% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 0.20% BRENT 100.09 ▲ 6.40% WTI 91.72 ▲ 5.63% IRON ORE 161.91 — — COPPER 6.32 ▼ 2.09% GOLD 4,048 ▼ 2.40% SILVER 57.76 ▼ 3.77% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 68.89 ▼ 0.16% PETR4 42.89 ▲ 0.73% VALE3 75.44 ▲ 0.45% ITUB4 42.47 ▼ 1.00% BBDC4 18.76 ▼ 1.11% ABEV3 15.88 ▼ 1.55% BBAS3 20.94 ▼ 0.71% B3SA3 15.64 ▼ 1.64% WEGE3 45.10 ▼ 3.51% PRIO3 60.96 ▲ 1.99% SUZB3 42.37 ▼ 0.68% RENT3 36.96 ▼ 0.48% AZZA3 17.10 ▼ 3.99% CSAN3 3.91 ▼ 0.26% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.86 ▼ 1.28% PSSA3 55.26 ▼ 0.34% CVCB3 1.32 ▲ 3.94% POSI3 3.61 ▼ 2.43% SLCE3 13.74 ▼ 1.58% NATU3 8.61 ▼ 0.81% BRKM5 6.21 ▲ 2.31% RANI3 7.95 ▼ 0.63% CSNA3 5.33 ▼ 0.93% CMIN3 5.89 ▲ 0.86% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.72 ▼ 0.96% CPFE3 46.37 ▼ 0.73% CMIG4 11.21 — 0.00% EQTL3 38.99 ▼ 0.91% LREN3 13.40 ▼ 1.03% VIVT3 34.65 ▼ 2.06% RAIL3 13.95 ▲ 2.27% KLABIN 17.63 ▼ 1.67% RAIA DROGASIL 18.21 ▼ 0.44% RDOR3 33.83 ▼ 1.91% HAPV3 10.57 ▼ 7.20% FLRY3 16.64 ▼ 0.06% SMTO3 15.79 ▼ 1.62% UGPA3 33.17 ▲ 1.04% VBBR3 35.57 ▲ 1.69% BBSE3 42.54 ▼ 0.09% BPAC11 56.13 ▼ 1.56% CURY3 29.58 ▼ 2.05% AERI3 2.02 ▼ 1.46% VIVARA 21.57 ▲ 0.09% COMPASS 25.10 ▲ 1.17% VAMOS 3.19 ▼ 1.24% SANB11 26.61 ▼ 1.26% ASAI3 8.04 ▼ 4.29% SBSP3 29.00 ▼ 0.99% WALMEX 47.11 ▼ 3.17% GMEXICO 208.22 ▼ 3.16% FEMSA 222.68 ▼ 2.22% CEMEX 21.47 ▼ 3.16% GFNORTE 189.93 ▼ 0.88% BIMBO 59.16 ▼ 1.89% TELEVISA 9.83 ▲ 0.10% AMX 22.80 ▲ 0.48% GAP 377.43 ▲ 0.19% ASUR 269.72 ▼ 1.39% OMA 227.25 ▼ 0.63% KOF 179.87 ▼ 1.52% GRUMA 270.49 ▼ 3.55% KIMBER 39.20 ▲ 0.98% SQM-B 65,701 ▲ 0.99% COPEC 6,452 ▼ 1.50% BSANTANDER 79.56 ▼ 0.36% FALABELLA 6,080 ▲ 0.63% ENELAM 84.53 — 0.00% CENCOSUD 1,971 ▼ 1.93% CMPC 1,047 ▼ 2.15% BANCO CHILE 191.16 ▼ 1.21% LATAM AIR 23.62 ▼ 1.95% YPF 82,725 ▲ 0.27% GGAL 7,995 ▼ 3.38% PAMPA 5,640 ▲ 0.27% TXAR 681.50 ▲ 2.02% ALUAR 985.00 ▲ 1.13% TGS 10,060 ▲ 1.56% CEPU 2,423 ▲ 0.50% MIRGOR 16,800 ▼ 0.74% COME 42.88 ▼ 0.60% LOMA NEGRA 3,768 ▼ 1.12% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,313 ▼ 2.43% ECOPETROL 16.42 ▼ 1.62% BANCOLOMBIA 86.37 ▲ 2.02% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 388.87 ▼ 1.22% SOUTHERN COPPER 183.84 ▼ 5.95% BUENAVENTURA 31.24 ▼ 2.65% MERCADOLIBRE 1,791 ▼ 0.47% NUBANK 14.24 ▼ 1.87% XP 16.83 ▼ 2.75% PAGSEGURO 9.44 ▼ 2.43% STONE 10.94 ▼ 3.70% GLOBANT 30.37 ▼ 0.98% TECNOGLASS 43.78 ▼ 3.19% GAP AIRPORT 215.36 ▼ 1.00% ASUR 269.72 ▼ 1.39% OMA AIRPORT 103.89 ▼ 1.39% AMX ADR 25.93 ▼ 0.75% FEMSA ADR 127.22 ▼ 2.83% CEMEX ADR 12.25 ▼ 3.73% PETROBRAS ADR 19.00 ▲ 0.56% VALE ADR 14.81 ▼ 0.30% ITAU ADR 8.35 ▼ 1.59% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.10 ▼ 1.43% CSN 1.06 ▼ 2.75% GERDAU 4.73 ▼ 0.84% LATAM ADR 49.67 ▼ 3.10% BTC 64,656 ▼ 2.19% ETH 1,870 ▼ 3.31% SOL 75.46 ▼ 3.14% XRP 1.10 ▼ 3.36% BNB 565.39 ▼ 0.94% ADA 0.17 ▼ 3.10% DOGE 0.07 ▼ 5.43% AVAX 6.26 ▼ 5.40% LINK 8.44 ▼ 2.16% DOT 0.81 ▼ 2.54% LTC 46.87 ▼ 0.43% BCH 209.71 ▼ 4.66% TRX 0.33 ▼ 0.57% XLM 0.18 ▼ 2.68% HBAR 0.07 ▼ 1.07% NEAR 1.87 ▲ 0.06% ATOM 1.42 ▼ 3.17% AAVE 95.19 ▼ 2.23% SELIC 14.25% EMBRAER 83.77 ▼ 0.02% EMBRAER ADR 65.99 ▼ 0.09% JBS 12.11 ▼ 1.18% JBS BDR 61.51 ▼ 0.47% MBRF3 15.72 ▼ 1.93% MBRFY 3.06 ▼ 4.08% INTER 5.41 ▼ 4.92% EGX 53,932 ▼ 0.11% USD/ZAR 16.83 ▲ 2.56% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.80 ▲ 0.44% USD/CNY 6.7696 ▲ 0.08% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD 1.1379 ▼ 0.26% GBP/USD 1.3316 ▼ 0.45% SPX 7,399 ▼ 1.34% DJI 51,687 ▼ 1.02% NDX 28,425 ▼ 1.98% RUT 2,933 ▼ 0.91% TSX 35,155 ▼ 0.93% VIX 19.51 ▲ 17.25% USD/CAD 1.4079 ▼ 0.02% US10Y 4.7030 ▲ 0.99%
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Thursday, July 23, 2026

Empty Chair At G20: Trump Punishes South Africa’s Risky Embrace Of Rivals

By · November 21, 2025 · 3 min read

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When the G20 leaders gather in Johannesburg this weekend, there will be one conspicuous empty chair: the United States. Donald Trump has confirmed that no U.S. delegation will take part in the summit’s talks.

He is accusing South Africa’s Black-led government of persecuting its white Afrikaner minority and discriminating against whites through land and employment policies — allegations that South Africa rejects as misleading or exaggerated but is confirmed by many in the country.

The clash did not start with the boycott. In February, Trump signed an executive order freezing roughly $440 million in U.S. aid to South Africa, citing a new land-expropriation law and Pretoria’s genocide case against Israel at the International Court of Justice.

The same order launched a refugee program to resettle white South African farmers and their families in the U.S., turning a long-running right-wing talking point into official policy.

Relations deteriorated further in March, when Washington expelled South Africa’s ambassador over his harsh criticism of Trump and the ANC’s foreign policy.

Empty Chair At G20: Trump Punishes South Africa’s Risky Embrace Of Rivals. (Photo Internet reproduction)
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In Congress, a bipartisan bill seeks authority to restrict or cut trade and aid, and a 30% tariff package on South African exports is already on the table.

US South Africa rift overshadows G20

Lawmakers argue that Pretoria has tilted toward Russia, China and Iran — from joint military drills and a disputed Russian arms episode to its voting record on Ukraine and Gaza — and no longer behaves like a reliable U.S. partner.

South Africa, for its part, says it is simply pursuing “non-alignment” and defending international law. Inside South Africa, the dispute plays into raw racial politics.

Trump’s focus on white farmers dovetails with a small but noisy campaign at home: the Afrikaner trade union Solidarity has plastered Johannesburg highways with orange billboards declaring the country “the most race-regulated in the world,” a jab at affirmative-action rules designed to undo apartheid-era exclusion.

City authorities ordered at least one billboard removed, prompting promises of legal action and generating viral clips and memes on X, Facebook and Instagram.

All this now collides with the first G20 summit ever hosted on African soil. President Cyril Ramaphosa insists “boycott politics never work” and says he will not allow South Africa to be “bullied” over an agenda centered on debt relief, climate and energy financing, and development for poorer countries.

Yet he is presiding over a fragile economy: years of power cuts, about one-third unemployment, deep poverty and one of the world’s worst inequality levels have already eroded confidence at home and abroad.

Why this matters to you is simple. If the U.S. can sit out a G20 in Africa over a domestic racial controversy and foreign-policy disagreements, it signals that great-power grudges are starting to override the one forum where rich and emerging economies still sit at the same table.

For South Africa, the risk is that a “dangerous gambit” of high-profile legal battles, Moscow-friendly diplomacy and race-charged policies ends up costing trade, investment and jobs.

For other mid-sized democracies, Johannesburg is a warning: defying Washington and courting rival powers may bring short-term applause — but it can also bring tariffs, sanctions talk and empty chairs at the world’s biggest negotiating table.

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