IBOV 174,014.45 ▼ 1.13% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.46% USD/MXN17.43▲ 0.24% USD/CLP927.20▲ 0.13% USD/COP3,221▼ 1.19% USD/PEN3.40▲ 0.42% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.84▲ 0.50% BRENT 84.24 ▼ 0.84% WTI 78.24 ▼ 1.71% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.28% GOLD 3,992 ▼ 1.28% SILVER 56.03 ▼ 1.90% SOY 1,195 ▼ 0.58% CORN 464.00 ▲ 3.69% WHEAT 675.00 ▼ 0.37% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.77 ▼ 3.22% PETR4 40.49 ▼ 0.25% VALE3 72.60 ▼ 2.56% ITUB4 42.56 ▼ 1.34% BBDC4 18.33 ▼ 1.45% ABEV3 15.67 ▲ 0.64% BBAS3 20.53 ▼ 0.10% B3SA3 15.31 ▼ 2.42% WEGE3 43.36 ▼ 2.03% PRIO3 57.46 ▼ 0.07% SUZB3 41.90 ▲ 1.01% RENT3 39.04 ▼ 3.25% AZZA3 18.54 ▼ 0.64% CSAN3 3.91 ▼ 0.51% RAIZ4 0.29 — 0.00% PCAR3 2.68 ▲ 2.29% GMAT3 3.92 ▼ 1.51% PSSA3 55.02 ▼ 0.36% CVCB3 1.37 ▲ 2.24% POSI3 3.88 ▼ 1.77% SLCE3 13.60 ▲ 0.74% NATU3 8.58 ▼ 1.04% BRKM5 6.19 ▼ 3.43% RANI3 8.03 ▲ 0.63% CSNA3 5.12 ▼ 2.29% CMIN3 5.45 ▲ 4.01% USIM5 8.05 ▼ 1.83% GGBR4 23.93 ▼ 1.12% ENEV3 25.94 ▼ 3.75% CPFE3 46.72 ▼ 0.23% CMIG4 11.00 ▼ 1.35% EQTL3 39.65 ▼ 1.69% LREN3 13.67 ▼ 3.05% VIVT3 35.59 ▲ 0.34% RAIL3 13.93 ▼ 1.00% KLABIN 17.44 ▲ 0.29% RAIA DROGASIL 18.63 ▼ 0.21% RDOR3 35.70 ▼ 0.86% HAPV3 10.89 ▼ 0.91% FLRY3 16.32 ▼ 1.15% SMTO3 15.62 ▲ 0.58% UGPA3 31.80 ▲ 2.25% VBBR3 34.43 ▲ 2.01% BBSE3 41.06 ▲ 0.86% BPAC11 56.17 ▼ 1.53% CURY3 31.50 ▼ 3.76% AERI3 2.03 ▲ 0.50% VIVARA 23.33 ▼ 0.81% COMPASS 24.94 ▼ 0.68% VAMOS 3.15 ▲ 0.96% SANB11 26.85 ▼ 0.56% ASAI3 8.47 ▼ 2.19% SBSP3 29.49 ▼ 1.63% WALMEX 49.22 ▼ 0.97% GMEXICO 200.12 ▼ 0.05% FEMSA 224.89 ▲ 0.73% CEMEX 22.80 ▲ 0.80% GFNORTE 179.67 ▼ 2.07% BIMBO 58.50 ▲ 1.70% TELEVISA 9.63 ▲ 0.73% AMX 22.91 ▲ 0.48% GAP 389.18 ▼ 1.99% ASUR 280.58 ▼ 1.02% OMA 231.27 ▼ 1.67% KOF 178.85 ▲ 1.07% GRUMA 285.62 ▲ 1.52% KIMBER 38.73 ▲ 0.18% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,800 ▼ 0.95% GGAL 7,935 ▼ 3.29% PAMPA 5,145 ▼ 1.81% TXAR 665.00 ▼ 0.89% ALUAR 941.00 ▼ 1.93% TGS 9,535 ▼ 2.21% CEPU 2,282 ▼ 2.65% MIRGOR 16,700 ▼ 1.62% COME 44.91 ▼ 1.58% LOMA NEGRA 3,610 ▼ 0.07% BYMA 300.00 ▼ 1.32% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.97 ▼ 0.06% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 5.00 ▼ 0.61% CREDICORP 389.74 ▼ 2.13% SOUTHERN COPPER 174.75 ▼ 3.74% BUENAVENTURA 29.99 ▼ 2.36% MERCADOLIBRE 1,844 ▲ 0.05% NUBANK 13.83 ▼ 0.40% XP 16.63 ▼ 1.45% PAGSEGURO 9.15 ▼ 0.71% STONE 11.16 ▼ 1.11% GLOBANT 33.18 ▲ 3.75% TECNOGLASS 47.15 ▲ 3.24% GAP AIRPORT 223.12 ▼ 2.05% ASUR 280.58 ▼ 1.02% OMA AIRPORT 106.22 ▼ 1.56% AMX ADR 26.21 ▲ 0.38% FEMSA ADR 128.95 ▲ 0.14% CEMEX ADR 13.09 ▲ 0.11% PETROBRAS ADR 17.63 ▼ 1.32% VALE ADR 14.17 ▼ 3.41% ITAU ADR 8.30 ▼ 1.83% SANTANDER BR 5.29 ▼ 1.12% AMBEV ADR 3.04 ▲ 0.33% CSN 1.01 ▼ 2.43% GERDAU 4.69 ▼ 2.29% LATAM ADR 53.37 ▼ 2.73% BTC 64,186 ▼ 0.81% ETH 1,875 ▼ 2.17% SOL 75.76 ▼ 1.95% XRP 1.09 ▼ 1.67% BNB 575.66 ▼ 0.77% ADA 0.16 ▼ 1.57% DOGE 0.07 ▼ 0.83% AVAX 6.54 ▼ 2.33% LINK 8.39 ▼ 1.67% DOT 0.85 ▲ 0.54% LTC 45.15 ▲ 0.06% BCH 222.41 ▼ 0.33% TRX 0.32 ▼ 0.46% XLM 0.19 ▲ 0.96% HBAR 0.07 ▼ 0.35% NEAR 2.04 ▼ 1.31% ATOM 1.53 ▼ 1.83% AAVE 92.14 ▼ 3.85% SELIC 14.25% EMBRAER 81.93 ▼ 0.51% EMBRAER ADR 63.99 ▼ 1.40% JBS 12.13 ▲ 0.21% JBS BDR 61.83 ▲ 0.65% MBRF3 15.20 ▼ 1.30% MBRFY 2.98 ▲ 3.83% INTER 5.51 ▼ 2.05% EGX 52,928 ▲ 0.70% USD/ZAR16.40▲ 0.45% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.38▲ 0.12% USD/CNY6.76▼ 0.11% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD1.14▼ 0.19% GBP/USD1.35▲ 0.54% SPX 7,537 ▼ 0.47% DJI 52,516 ▼ 0.27% NDX 29,060 ▼ 1.50% RUT 2,970 ▼ 0.22% TSX 35,314 ▼ 0.29% VIX 16.48 ▲ 5.17% USD/CAD1.41▲ 0.06% US10Y 4.5650 ▲ 0.44% IBOV 174,014.45 ▼ 1.13% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.46% USD/MXN 17.43 ▲ 0.24% USD/CLP 927.20 ▲ 0.13% USD/COP 3,221 ▼ 1.19% USD/PEN 3.40 ▲ 0.42% USD/ARS 1,475 ▼ 0.07% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.84 ▲ 0.50% BRENT 84.24 ▼ 0.84% WTI 78.24 ▼ 1.71% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.28% GOLD 3,992 ▼ 1.28% SILVER 56.03 ▼ 1.90% SOY 1,195 ▼ 0.58% CORN 464.00 ▲ 3.69% WHEAT 675.00 ▼ 0.37% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.77 ▼ 3.22% PETR4 40.49 ▼ 0.25% VALE3 72.60 ▼ 2.56% ITUB4 42.56 ▼ 1.34% BBDC4 18.33 ▼ 1.45% ABEV3 15.67 ▲ 0.64% BBAS3 20.53 ▼ 0.10% B3SA3 15.31 ▼ 2.42% WEGE3 43.36 ▼ 2.03% PRIO3 57.46 ▼ 0.07% SUZB3 41.90 ▲ 1.01% RENT3 39.04 ▼ 3.25% AZZA3 18.54 ▼ 0.64% CSAN3 3.91 ▼ 0.51% RAIZ4 0.29 — 0.00% PCAR3 2.68 ▲ 2.29% GMAT3 3.92 ▼ 1.51% PSSA3 55.02 ▼ 0.36% CVCB3 1.37 ▲ 2.24% POSI3 3.88 ▼ 1.77% SLCE3 13.60 ▲ 0.74% NATU3 8.58 ▼ 1.04% BRKM5 6.19 ▼ 3.43% RANI3 8.03 ▲ 0.63% CSNA3 5.12 ▼ 2.29% CMIN3 5.45 ▲ 4.01% USIM5 8.05 ▼ 1.83% GGBR4 23.93 ▼ 1.12% ENEV3 25.94 ▼ 3.75% CPFE3 46.72 ▼ 0.23% CMIG4 11.00 ▼ 1.35% EQTL3 39.65 ▼ 1.69% LREN3 13.67 ▼ 3.05% VIVT3 35.59 ▲ 0.34% RAIL3 13.93 ▼ 1.00% KLABIN 17.44 ▲ 0.29% RAIA DROGASIL 18.63 ▼ 0.21% RDOR3 35.70 ▼ 0.86% HAPV3 10.89 ▼ 0.91% FLRY3 16.32 ▼ 1.15% SMTO3 15.62 ▲ 0.58% UGPA3 31.80 ▲ 2.25% VBBR3 34.43 ▲ 2.01% BBSE3 41.06 ▲ 0.86% BPAC11 56.17 ▼ 1.53% CURY3 31.50 ▼ 3.76% AERI3 2.03 ▲ 0.50% VIVARA 23.33 ▼ 0.81% COMPASS 24.94 ▼ 0.68% VAMOS 3.15 ▲ 0.96% SANB11 26.85 ▼ 0.56% ASAI3 8.47 ▼ 2.19% SBSP3 29.49 ▼ 1.63% WALMEX 49.22 ▼ 0.97% GMEXICO 200.12 ▼ 0.05% FEMSA 224.89 ▲ 0.73% CEMEX 22.80 ▲ 0.80% GFNORTE 179.67 ▼ 2.07% BIMBO 58.50 ▲ 1.70% TELEVISA 9.63 ▲ 0.73% AMX 22.91 ▲ 0.48% GAP 389.18 ▼ 1.99% ASUR 280.58 ▼ 1.02% OMA 231.27 ▼ 1.67% KOF 178.85 ▲ 1.07% GRUMA 285.62 ▲ 1.52% KIMBER 38.73 ▲ 0.18% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,800 ▼ 0.95% GGAL 7,935 ▼ 3.29% PAMPA 5,145 ▼ 1.81% TXAR 665.00 ▼ 0.89% ALUAR 941.00 ▼ 1.93% TGS 9,535 ▼ 2.21% CEPU 2,282 ▼ 2.65% MIRGOR 16,700 ▼ 1.62% COME 44.91 ▼ 1.58% LOMA NEGRA 3,610 ▼ 0.07% BYMA 300.00 ▼ 1.32% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.97 ▼ 0.06% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 5.00 ▼ 0.61% CREDICORP 389.74 ▼ 2.13% SOUTHERN COPPER 174.75 ▼ 3.74% BUENAVENTURA 29.99 ▼ 2.36% MERCADOLIBRE 1,844 ▲ 0.05% NUBANK 13.83 ▼ 0.40% XP 16.63 ▼ 1.45% PAGSEGURO 9.15 ▼ 0.71% STONE 11.16 ▼ 1.11% GLOBANT 33.18 ▲ 3.75% TECNOGLASS 47.15 ▲ 3.24% GAP AIRPORT 223.12 ▼ 2.05% ASUR 280.58 ▼ 1.02% OMA AIRPORT 106.22 ▼ 1.56% AMX ADR 26.21 ▲ 0.38% FEMSA ADR 128.95 ▲ 0.14% CEMEX ADR 13.09 ▲ 0.11% PETROBRAS ADR 17.63 ▼ 1.32% VALE ADR 14.17 ▼ 3.41% ITAU ADR 8.30 ▼ 1.83% SANTANDER BR 5.29 ▼ 1.12% AMBEV ADR 3.04 ▲ 0.33% CSN 1.01 ▼ 2.43% GERDAU 4.69 ▼ 2.29% LATAM ADR 53.37 ▼ 2.73% BTC 64,186 ▼ 0.81% ETH 1,875 ▼ 2.17% SOL 75.76 ▼ 1.95% XRP 1.09 ▼ 1.67% BNB 575.66 ▼ 0.77% ADA 0.16 ▼ 1.57% DOGE 0.07 ▼ 0.83% AVAX 6.54 ▼ 2.33% LINK 8.39 ▼ 1.67% DOT 0.85 ▲ 0.54% LTC 45.15 ▲ 0.06% BCH 222.41 ▼ 0.33% TRX 0.32 ▼ 0.46% XLM 0.19 ▲ 0.96% HBAR 0.07 ▼ 0.35% NEAR 2.04 ▼ 1.31% ATOM 1.53 ▼ 1.83% AAVE 92.14 ▼ 3.85% SELIC 14.25% EMBRAER 81.93 ▼ 0.51% EMBRAER ADR 63.99 ▼ 1.40% JBS 12.13 ▲ 0.21% JBS BDR 61.83 ▲ 0.65% MBRF3 15.20 ▼ 1.30% MBRFY 2.98 ▲ 3.83% INTER 5.51 ▼ 2.05% EGX 52,928 ▲ 0.70% USD/ZAR 16.39 ▲ 0.65% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.38 ▲ 0.15% USD/CNY 6.7615 ▲ 0.05% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD 1.1442 ▼ 0.23% GBP/USD 1.3469 ▼ 0.50% SPX 7,537 ▼ 0.47% DJI 52,516 ▼ 0.27% NDX 29,060 ▼ 1.50% RUT 2,970 ▼ 0.22% TSX 35,314 ▼ 0.29% VIX 16.48 ▲ 5.17% USD/CAD 1.4051 ▲ 0.10% US10Y 4.5650 ▲ 0.44%
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Thursday, July 16, 2026

Latin America Colombia

Trump Freezes Aid To Colombia, Deepening Rift Over Drugs, Sovereignty And Trade

By · October 23, 2025 · 2 min read

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October 22–23 brought the sharpest break in U.S.–Colombia ties in years. Speaking at the White House after meeting NATO’s secretary-general on October 22, President Donald Trump said the U.S. had “stopped all payments to Colombia.”

He also called President Gustavo Petro “a thug” and “a bad guy,” and warned of “very serious action.” Petro fired back online, vowing to defend himself in U.S. courts against slander.

Bogotá has recalled its ambassador to Washington, underscoring how fast a decades-old partnership has unraveled. The fight is about more than insults.

In mid-September, Washington officially ruled that Colombia had “failed demonstrably” to meet anti-drug obligations, a rare decertification that can squeeze assistance unless waived.

Trump’s October 22 remarks go further, signaling potential new tariffs and broader pressure. For two countries bound by security cooperation since Plan Colombia and a 2012 free-trade pact, this is a hard turn.

Trump Freezes Aid To Colombia Deepening Rift Over Drugs. (Photo Internet reproduction)
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Behind the headlines are clashing narratives about facts on the ground. U.N. monitoring estimates coca cultivation at roughly 253,000 hectares in 2023—near record highs. Trump cites those numbers to argue Petro’s approach has failed.

Colombia-U.S. Tensions Ripple Beyond Borders

Petro’s government counters with record cocaine seizures and lab destruction this year, saying enforcement is working and that U.S. demand—not Colombian policy—drives the trade.

The backdrop is even hotter after recent U.S. maritime strikes on suspected drug boats; Petro condemned them, alleging at least one civilian vessel was hit.

The economic stakes are concrete. The United States is Colombia’s top partner, with about $36.6 billion in goods trade and roughly $53.3 billion when services are included in 2024.

New tariffs or a prolonged aid freeze would ripple through energy, agriculture, apparel, and auto supply chains, and could chill investment just as Colombia grapples with security setbacks and slow growth.

What this reveals to readers outside the region is the fragility of a relationship often taken for granted. For years, Washington backed Bogotá with funds, training, and market access while Colombia supplied energy, coffee, flowers, and metals—and increasingly, tech and services.

That model depends on trust between presidents and clear rules for joint security operations. Once those fray, cartels and armed groups gain room to maneuver, and businesses lose predictable terms.

Why you should care: a diplomatic rupture here doesn’t stay local. It affects migration patterns, regional security cooperation in the Caribbean, and pricing for everyday goods.

Watch for three indicators of how far this goes: whether U.S. agencies publish formal guidance detailing which funds are frozen; whether tariff proclamations land and on which sectors; and whether back-channel diplomacy can pull the two leaders back from escalation.

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