IBOV 171,906.72 ▲ 0.51% IPSA 11,537.97 ▲ 1.76% IPC MEX 66,101.04 ▲ 0.57% MERVAL 2,990,152 ▲ 2.64% COLCAP 2,492.22 ▲ 1.34% BVL PERÚ 60,222.25 ▼ 0.22% USD/BRL5.16▲ 0.38% USD/MXN16.92▲ 0.06% USD/CLP911.58▼ 0.37% USD/COP3,057▲ 0.46% USD/PEN3.35▼ 0.07% USD/ARS1,509▲ 0.63% USD/UYU40.18▼ 0.03% USD/PYG5,989▼ 0.11% USD/BOB11.44▲ 0.09% USD/DOP58.07▼ 0.99% USD/CRC446.05▼ 0.89% USD/GTQ7.62▼ 0.04% USD/HNL26.82▲ 0.02% USD/NIO36.62— 0.00% USD/VES782.70▲ 0.48% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▲ 0.25% EUR/BRL6.01▲ 0.25% 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 171,906.72 ▲ 0.51% IPSA 11,537.97 ▲ 1.76% IPC MEX 66,101.04 ▲ 0.57% MERVAL 2,990,152 ▲ 2.64% COLCAP 2,492.22 ▲ 1.34% BVL PERÚ 60,222.25 ▼ 0.22% 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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In Venezuela, Many Hope Trump Will Win to Keep Pressure on Maduro

By · November 5, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – Many Venezuelans are hoping for the re-election of U.S. President Donald Trump, whose campaign of aggressive sanctions against the South American nation’s ruling Socialist Party has won over a broad swathe of President Nicolas Maduro’s critics.

The Trump administration has promised that sanctions will cause the ouster of Maduro, who has overseen a catastrophic economic meltdown that fueled a mass exodus of migrants.

Many Venezuelans are hoping for the re-election of U.S. President Donald Trump, whose campaign of aggressive sanctions against the South American nation’s ruling Socialist Party has won over a broad swathe of President Nicolas Maduro’s critics.
Many opposition Venezuelans are hoping for the re-election of U.S. President Donald Trump. (Photo internet reproduction)
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But the strategy has, after nearly two years in place, failed to shake Maduro from power, and critics say the measures have exacerbated the once-prosperous OPEC member’s humanitarian crisis by hurting the government’s cash flow and complicating imports of critical goods like gasoline.

Despite Democratic candidate Joe Biden’s promises not to soften measures against Maduro, some Venezuelans believe he will take a less confrontational approach, similar to that of former President Barack Obama.

Venezuelan opposition leader Juan Guaidó hopes the United States will continue to pressure Maduro, regardless of whether Trump or Biden is declared the winner, Tomas Guanipa, Guaidó’s representative in Colombia, said in the capital Bogotá.

“What we hope for is continuity of a policy that has so far been bipartisan, which has supported the struggle for democracy in Venezuela, which has supported the interim government of President Juan Guaidó, which has supported the National Assembly as the only legitimate democratic institution,” Guanipa told reporters in Bogotá’s historic Bolivar Plaza.

On a commercial street in middle-class eastern Caracas on Wednesday morning, where workers in fraying shirts and home-sewn face masks strolled up and down the streets, many people were convinced Trump would win.

“Trump wins because he has stood up to these shameless people here in Venezuela, to Maduro,” said José Gregorio Bastidas, 56, a construction worker from the poor hillside favela of Petare.

“Many people talk about ‘the blockade.’ The blockade is on the credit cards of Maduro’s ministers,” he said, in reference to Maduro’s accusations that the sanctions are the cause of Venezuela’s economic problems.

Maduro’s supporters almost universally condemn Trump while also expressing skepticism towards Biden, insisting that the U.S. policy is meant to undermine Venezuela’s democracy.

And some of Maduro’s most vocal adversaries openly criticize sanctions, on the grounds that they have worsened living conditions without yielding a change in government.

U.S. policy toward Venezuela was widely discussed on the campaign trail in Florida, particularly in Miami-Dade County, home to the state’s largest Venezuelan community – helping Trump win a narrow victory in Florida.

The overall election results hung in the balance on Wednesday, with a handful of closely contested states set to decide the outcome in the coming hours or days.

The sanctions against Maduro’s government have included asset freezes and travel bans for senior officials, and measures to curtail the OPEC nation’s oil exports and its fuel imports.

That has left millions of people in long lines waiting to fuel their cars or struggling to find public transportation.

Some Venezuelans nonetheless feel that Trump is the first U.S. leader to confront Maduro’s government, which has been accused of systematic human rights violations and extensive efforts to undermine democratic institutions.

“I would like Trump to win because I think he is the one who has implemented the most measures to solve the problem here,” said Fernando González, 59, an information technology analyst.

Source: Reuters

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