IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.58▼ 0.05% USD/MXN18.59▼ 0.19% USD/CLP983.69▲ 1.70% USD/COP3,299▲ 0.75% USD/PEN3.41▲ 0.02% USD/ARS1,545▼ 0.03% USD/UYU40.43▲ 3.48% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 1.36% USD/DOP60.46▲ 2.41% USD/CRC445.62▲ 1.58% USD/GTQ7.64▲ 3.18% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.46% USD/TTD6.72▲ 2.30% EUR/BRL6.22▲ 0.72% BRENT 92.60 ▲ 1.21% WTI 86.77 ▲ 0.85% IRON ORE 161.91 — — COPPER 6.30 ▲ 1.29% GOLD 4,058 ▲ 0.68% SILVER 52.95 ▲ 3.62% SOY 1,225 — 0.00% CORN 448.00 ▼ 0.22% WHEAT 600.00 ▲ 1.22% COFFEE 270.30 ▼ 0.41% SUGAR 18.16 ▲ 0.39% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.68 ▲ 5.07% COCOA 4,724 ▼ 5.60% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.58 ▼ 0.01% USD/MXN 18.57 ▼ 0.28% USD/CLP 983.69 ▲ 1.70% USD/COP 3,294 ▲ 0.60% USD/PEN 3.42 ▲ 0.36% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 2.20% USD/BOB 11.68 ▲ 1.36% USD/DOP 60.46 ▲ 2.41% USD/CRC 445.62 ▲ 1.58% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▲ 0.14% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.23 ▲ 0.80% BRENT 92.60 ▲ 1.21% WTI 86.77 ▲ 0.85% IRON ORE 161.91 — — COPPER 6.30 ▲ 1.29% GOLD 4,058 ▲ 0.68% SILVER 52.95 ▲ 3.62% SOY 1,225 — 0.00% CORN 448.00 ▼ 0.22% WHEAT 600.00 ▲ 1.22% COFFEE 270.30 ▼ 0.41% SUGAR 18.16 ▲ 0.39% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.68 ▲ 5.07% COCOA 4,724 ▼ 5.60% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45%
since 2009
Wednesday, November 11, 2026

Latin America Colombia

Trump Accuses Petro of Drug Ties; Colombia Rejects Claim

By · · 2 min read

In a weekend broadside, U.S. President Donald Trump labeled Colombia’s president, Gustavo Petro, “an illegal drug leader,” threatened to cut assistance, and floated tariffs.

Bogotá fired back, calling the charge a grave affront to sovereignty and vowing to seek international recourse. Petro, a former senator and ex-mayor who campaigned on changing drug policy, said he is neither a businessman nor a trafficker.

The facts matter here. The United States has not filed criminal charges against Petro. By contrast, Venezuela’s Nicolás Maduro was formally charged by the U.S. Justice Department in 2020 and remains the subject of a reward offer.

Free daily brief — no card needed
Get every Colombia story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

Colombia, meanwhile, points to record cocaine seizures under Petro’s government—historic totals in 2024 and hefty figures this year—as evidence it is targeting cartels and their finances.

The current strategy prioritizes rural development and crop substitution over aerial spraying, alongside operations against trafficking logistics and money laundering.

Trump Accuses Petro of Drug Ties; Colombia Rejects Claim
Trump Accuses Petro of Drug Ties; Colombia Rejects Claim.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The story behind the story is a fight over what “success” looks like. Washington recently “decertified” Colombia’s drug-control performance for the first time in decades, but granted a waiver to avoid automatic aid cuts.

U.S.–Colombia Drug Policy Rift Tests Long Alliance

U.S. officials tend to judge progress by coca cultivation and potential production. Petro’s team highlights seizures, criminal finance cases, and rural programs designed to undercut growers’ dependence on illicit crops. The metrics are different—and politically charged on both sides.

Why this matters beyond Colombia: for two decades the U.S.–Colombia partnership has underpinned regional security, from intelligence sharing to joint training and interdictions at sea.

Aid cuts or tariffs would ripple through a relationship that helps constrain armed groups and traffickers who operate across borders.

It would also test the line between political rhetoric and prosecutorial action: branding an elected ally a kingpin without charges risks normalizing accusations as tools of statecraft.

What to watch next: whether Washington translates threats into policy, whether Bogotá doubles down on its development-first model, and whether both governments find a shared yardstick for progress.

The outcome will shape security cooperation, trade, and migration dynamics across the Andes and the Caribbean—and determine whether this crisis becomes rupture or reset.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.