IBOV 176,178 ▲ 0.25% IPSA 10,928 ▲ 0.16% IPC MEX 66,705 ▲ 1.11% MERVAL 3,234,409 ▼ 0.03% COLCAP 2,300.76 ▼ 0.30% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL5.07▼ 1.28% USD/MXN17.42▼ 0.60% USD/CLP922.63▼ 1.10% USD/COP3,253▼ 0.28% USD/PEN3.39▼ 0.65% USD/ARS1,473▼ 0.67% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.34▲ 0.44% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.36% BRENT 85.04 ▲ 2.09% WTI 79.32 ▲ 1.51% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,067 ▲ 1.76% SILVER 59.14 ▲ 2.61% SOY 1,192 ▼ 0.85% CORN 460.50 ▲ 5.20% WHEAT 646.75 ▲ 3.15% COFFEE 326.25 ▼ 4.44% SUGAR 14.86 ▲ 0.75% ORANGE JUICE 139.45 ▼ 2.17% COTTON 81.68 ▲ 2.32% COCOA 5,885 ▲ 3.32% BEEF 231.73 ▼ 1.28% CATTLE 349.03 ▼ 1.50% LITHIUM 71.53 ▲ 1.84% PETR4 40.82 ▲ 0.39% VALE3 73.99 ▲ 1.56% ITUB4 43.50 ▼ 0.05% BBDC4 18.59 ▼ 0.96% ABEV3 15.88 ▲ 0.32% BBAS3 20.48 ▲ 1.19% B3SA3 15.32 ▲ 1.32% WEGE3 44.24 ▼ 0.34% PRIO3 57.03 ▼ 0.30% SUZB3 41.14 ▼ 0.84% RENT3 40.34 ▲ 0.35% AZZA3 18.84 ▼ 1.98% CSAN3 3.88 ▼ 0.51% RAIZ4 0.33 — 0.00% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.07 ▲ 0.06% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.69 ▼ 1.30% NATU3 8.51 ▼ 1.05% BRKM5 6.67 ▼ 3.89% RANI3 8.00 ▲ 0.63% CSNA3 5.13 ▼ 2.10% CMIN3 5.22 ▼ 4.22% USIM5 8.29 ▼ 1.07% GGBR4 23.11 ▲ 1.27% ENEV3 26.85 ▼ 0.11% CPFE3 47.01 ▲ 0.36% CMIG4 11.12 ▲ 0.45% EQTL3 40.56 ▲ 0.87% LREN3 14.13 ▼ 0.14% VIVT3 35.31 ▲ 1.67% RAIL3 14.13 ▲ 0.14% KLABIN 17.37 ▼ 0.63% RAIA DROGASIL 18.42 ▲ 1.21% RDOR3 35.61 ▲ 0.14% HAPV3 10.66 ▲ 1.91% FLRY3 16.29 ▲ 0.87% SMTO3 16.22 ▼ 0.92% UGPA3 30.20 ▼ 2.36% VBBR3 32.89 ▲ 0.40% BBSE3 40.15 ▼ 0.32% BPAC11 58.00 ▲ 0.83% CURY3 32.86 ▼ 0.79% AERI3 2.09 ▲ 0.48% VIVARA 23.25 ▲ 0.61% COMPASS 25.13 ▲ 1.45% VAMOS 3.05 ▲ 0.99% SANB11 27.29 ▼ 0.29% ASAI3 8.63 ▼ 0.92% SBSP3 30.31 ▼ 0.20% WALMEX 49.52 ▼ 0.26% GMEXICO 201.58 ▲ 3.06% FEMSA 233.32 ▲ 3.53% CEMEX 22.16 ▲ 1.74% GFNORTE 187.16 ▲ 2.80% BIMBO 56.24 ▲ 0.66% TELEVISA 9.48 ▼ 1.35% AMX 22.86 ▲ 1.20% GAP 387.30 ▼ 5.12% ASUR 278.80 ▲ 0.05% OMA 234.08 ▲ 0.33% KOF 182.06 ▲ 0.21% GRUMA 282.77 ▲ 0.50% KIMBER 38.45 ▲ 0.60% SQM-B 67,688 ▲ 0.71% COPEC 6,082 ▲ 0.41% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,887 ▼ 0.31% ENELAM 85.32 ▲ 1.33% CENCOSUD 2,065 ▲ 1.23% CMPC 1,081 ▲ 0.26% BANCO CHILE 188.02 ▲ 1.63% LATAM AIR 24.63 ▼ 1.08% YPF 77,250 ▲ 0.10% GGAL 8,020 ▼ 0.74% PAMPA 5,200 ▼ 0.48% TXAR 664.00 ▼ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,735 ▲ 1.72% CEPU 2,294 ▼ 1.08% MIRGOR 16,800 ▼ 1.18% COME 45.18 ▲ 0.89% LOMA NEGRA 3,560 ▲ 1.79% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,263 ▲ 0.29% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.82 ▲ 1.74% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.01 ▲ 0.46% SOUTHERN COPPER 180.19 ▲ 3.24% BUENAVENTURA 30.86 ▲ 3.49% MERCADOLIBRE 1,879 ▲ 0.60% NUBANK 14.02 ▲ 2.52% XP 16.82 ▲ 2.75% PAGSEGURO 9.25 ▼ 0.38% STONE 11.23 ▲ 0.72% GLOBANT 31.85 ▼ 0.84% TECNOGLASS 43.45 ▲ 1.42% GAP AIRPORT 221.81 ▼ 4.71% ASUR 278.80 ▲ 0.05% OMA AIRPORT 107.40 ▲ 1.20% AMX ADR 26.19 ▲ 0.61% FEMSA ADR 134.07 ▲ 3.92% CEMEX ADR 12.73 ▲ 2.21% PETROBRAS ADR 18.00 ▲ 0.67% VALE ADR 14.55 ▲ 2.61% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.11 ▲ 1.59% CSN 1.02 ▼ 0.97% GERDAU 4.57 ▲ 1.78% LATAM ADR 53.43 ▲ 0.19% BTC 64,739 ▲ 4.02% ETH 1,872 ▲ 5.56% SOL 77.40 ▲ 3.39% XRP 1.11 ▲ 3.77% BNB 581.61 ▲ 2.64% ADA 0.17 ▲ 5.32% DOGE 0.07 ▲ 3.97% AVAX 6.66 ▲ 3.35% LINK 8.28 ▲ 5.16% DOT 0.86 ▲ 2.57% LTC 44.66 ▲ 2.69% BCH 238.38 ▲ 0.91% TRX 0.32 ▲ 0.24% XLM 0.18 ▲ 2.43% HBAR 0.07 ▲ 0.51% NEAR 2.03 ▲ 6.01% ATOM 1.55 ▲ 1.17% AAVE 100.20 ▲ 6.19% SELIC 14.25% EMBRAER 82.97 ▼ 0.05% EMBRAER ADR 65.37 ▲ 1.37% JBS 11.86 ▲ 0.51% JBS BDR 60.13 ▼ 0.79% MBRF3 16.00 ▲ 1.78% MBRFY 3.09 ▲ 1.31% INTER 5.68 ▲ 0.44% EGX 52,299 ▼ 0.59% USD/ZAR16.36▼ 0.69% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.14▼ 0.19% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.46% GBP/USD1.34▲ 0.01% SPX 7,534 ▲ 0.25% DJI 52,367 ▼ 0.25% NDX 29,581 ▲ 1.08% RUT 2,966 ▲ 0.45% TSX 35,343 ▲ 0.26% VIX 16.64 ▼ 3.03% USD/CAD1.41▼ 0.66% US10Y 4.5870 ▼ 0.48% IBOV 176,178 ▲ 0.25% IPSA 10,928 ▲ 0.16% IPC MEX 66,705 ▲ 1.11% MERVAL 3,234,409 ▼ 0.03% COLCAP 2,300.76 ▼ 0.30% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL 5.07 ▼ 1.28% USD/MXN 17.42 ▼ 0.60% USD/CLP 922.63 ▼ 1.10% USD/COP 3,253 ▼ 0.28% USD/PEN 3.39 ▼ 0.65% USD/ARS 1,473 ▼ 0.71% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.34 ▲ 0.44% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.36% BRENT 85.04 ▲ 2.09% WTI 79.32 ▲ 1.51% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,067 ▲ 1.76% SILVER 59.14 ▲ 2.61% SOY 1,192 ▼ 0.85% CORN 460.50 ▲ 5.20% WHEAT 646.75 ▲ 3.15% COFFEE 326.25 ▼ 4.44% SUGAR 14.86 ▲ 0.75% ORANGE JUICE 139.45 ▼ 2.17% COTTON 81.68 ▲ 2.32% COCOA 5,885 ▲ 3.32% BEEF 231.73 ▼ 1.28% CATTLE 349.03 ▼ 1.50% LITHIUM 71.53 ▲ 1.84% PETR4 40.82 ▲ 0.39% VALE3 73.99 ▲ 1.56% ITUB4 43.50 ▼ 0.05% BBDC4 18.59 ▼ 0.96% ABEV3 15.88 ▲ 0.32% BBAS3 20.48 ▲ 1.19% B3SA3 15.32 ▲ 1.32% WEGE3 44.24 ▼ 0.34% PRIO3 57.03 ▼ 0.30% SUZB3 41.14 ▼ 0.84% RENT3 40.34 ▲ 0.35% AZZA3 18.84 ▼ 1.98% CSAN3 3.88 ▼ 0.51% RAIZ4 0.33 — 0.00% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.07 ▲ 0.06% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.69 ▼ 1.30% NATU3 8.51 ▼ 1.05% BRKM5 6.67 ▼ 3.89% RANI3 8.00 ▲ 0.63% CSNA3 5.13 ▼ 2.10% CMIN3 5.22 ▼ 4.22% USIM5 8.29 ▼ 1.07% GGBR4 23.11 ▲ 1.27% ENEV3 26.85 ▼ 0.11% CPFE3 47.01 ▲ 0.36% CMIG4 11.12 ▲ 0.45% EQTL3 40.56 ▲ 0.87% LREN3 14.13 ▼ 0.14% VIVT3 35.31 ▲ 1.67% RAIL3 14.13 ▲ 0.14% KLABIN 17.37 ▼ 0.63% RAIA DROGASIL 18.42 ▲ 1.21% RDOR3 35.61 ▲ 0.14% HAPV3 10.66 ▲ 1.91% FLRY3 16.29 ▲ 0.87% SMTO3 16.22 ▼ 0.92% UGPA3 30.20 ▼ 2.36% VBBR3 32.89 ▲ 0.40% BBSE3 40.15 ▼ 0.32% BPAC11 58.00 ▲ 0.83% CURY3 32.86 ▼ 0.79% AERI3 2.09 ▲ 0.48% VIVARA 23.25 ▲ 0.61% COMPASS 25.13 ▲ 1.45% VAMOS 3.05 ▲ 0.99% SANB11 27.29 ▼ 0.29% ASAI3 8.63 ▼ 0.92% SBSP3 30.31 ▼ 0.20% WALMEX 49.52 ▼ 0.26% GMEXICO 201.58 ▲ 3.06% FEMSA 233.32 ▲ 3.53% CEMEX 22.16 ▲ 1.74% GFNORTE 187.16 ▲ 2.80% BIMBO 56.24 ▲ 0.66% TELEVISA 9.48 ▼ 1.35% AMX 22.86 ▲ 1.20% GAP 387.30 ▼ 5.12% ASUR 278.80 ▲ 0.05% OMA 234.08 ▲ 0.33% KOF 182.06 ▲ 0.21% GRUMA 282.77 ▲ 0.50% KIMBER 38.45 ▲ 0.60% SQM-B 67,688 ▲ 0.71% COPEC 6,082 ▲ 0.41% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,887 ▼ 0.31% ENELAM 85.32 ▲ 1.33% CENCOSUD 2,065 ▲ 1.23% CMPC 1,081 ▲ 0.26% BANCO CHILE 188.02 ▲ 1.63% LATAM AIR 24.63 ▼ 1.08% YPF 77,250 ▲ 0.10% GGAL 8,020 ▼ 0.74% PAMPA 5,200 ▼ 0.48% TXAR 664.00 ▼ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,735 ▲ 1.72% CEPU 2,294 ▼ 1.08% MIRGOR 16,800 ▼ 1.18% COME 45.18 ▲ 0.89% LOMA NEGRA 3,560 ▲ 1.79% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,263 ▲ 0.29% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.82 ▲ 1.74% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.01 ▲ 0.46% SOUTHERN COPPER 180.19 ▲ 3.24% BUENAVENTURA 30.86 ▲ 3.49% MERCADOLIBRE 1,879 ▲ 0.60% NUBANK 14.02 ▲ 2.52% XP 16.82 ▲ 2.75% PAGSEGURO 9.25 ▼ 0.38% STONE 11.23 ▲ 0.72% GLOBANT 31.85 ▼ 0.84% TECNOGLASS 43.45 ▲ 1.42% GAP AIRPORT 221.81 ▼ 4.71% ASUR 278.80 ▲ 0.05% OMA AIRPORT 107.40 ▲ 1.20% AMX ADR 26.19 ▲ 0.61% FEMSA ADR 134.07 ▲ 3.92% CEMEX ADR 12.73 ▲ 2.21% PETROBRAS ADR 18.00 ▲ 0.67% VALE ADR 14.55 ▲ 2.61% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.11 ▲ 1.59% CSN 1.02 ▼ 0.97% GERDAU 4.57 ▲ 1.78% LATAM ADR 53.43 ▲ 0.19% BTC 64,739 ▲ 4.02% ETH 1,872 ▲ 5.56% SOL 77.40 ▲ 3.39% XRP 1.11 ▲ 3.77% BNB 581.61 ▲ 2.64% ADA 0.17 ▲ 5.32% DOGE 0.07 ▲ 3.97% AVAX 6.66 ▲ 3.35% LINK 8.28 ▲ 5.16% DOT 0.86 ▲ 2.57% LTC 44.66 ▲ 2.69% BCH 238.38 ▲ 0.91% TRX 0.32 ▲ 0.24% XLM 0.18 ▲ 2.43% HBAR 0.07 ▲ 0.51% NEAR 2.03 ▲ 6.01% ATOM 1.55 ▲ 1.17% AAVE 100.20 ▲ 6.19% SELIC 14.25% EMBRAER 82.97 ▼ 0.05% EMBRAER ADR 65.37 ▲ 1.37% JBS 11.86 ▲ 0.51% JBS BDR 60.13 ▼ 0.79% MBRF3 16.00 ▲ 1.78% MBRFY 3.09 ▲ 1.31% INTER 5.68 ▲ 0.44% EGX 52,299 ▼ 0.59% USD/ZAR 16.37 ▼ 0.52% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.15 ▼ 0.17% USD/CNY 6.7592 ▼ 0.17% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1434 ▲ 0.41% GBP/USD 1.3388 ▲ 0.29% SPX 7,534 ▲ 0.25% DJI 52,367 ▼ 0.25% NDX 29,581 ▲ 1.08% RUT 2,966 ▲ 0.45% TSX 35,343 ▲ 0.26% VIX 16.64 ▼ 3.03% USD/CAD 1.4066 ▼ 0.61% US10Y 4.5870 ▼ 0.48%
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Analysis Europe and Russia

Trump Redefines the West as Europe Struggles to Break Free from Progressive Orthodoxy

By · February 17, 2025 · 3 min read

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(Analysis) The Americans have made their stance clear: “Ukraine is not joining NATO.” U.S. Defense Secretary Pete Hegseth’s statement aligns with President Donald Trump’s broader strategy of recalibrating U.S. foreign policy toward pragmatism and national interest.

Even as the U.S. shifts toward a peace-focused strategy, prominent European leaders and media outlets continue to champion policies aligned with traditional liberal frameworks, highlighting a widening transatlantic divide.

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Unsurprisingly, the United States has opted to exclude Europe from the upcoming Ukraine-Russia peace negotiations. U.S. Special Envoy Keith Kellogg announced this decision at the Munich Security Conference on February 15, 2025, explaining that limiting participants to the U.S., Ukraine, and Russia aims to streamline discussions and prevent delays.

Trump Redefines the West as Europe Struggles to Break Free from Progressive Orthodoxy. (Photo Internet reproduction)
Trump Redefines the West as Europe Struggles to Break Free from Progressive Orthodoxy. (Photo Internet reproduction)
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Trump’s second term has brought a sharp reversal of what progressive elites once framed as irrevocable truths. Migration, long championed by them as inherently beneficial, is now framed by Trump as a challenge requiring strict border controls.

Traditional values, dismissed by progressives as outdated, are defended by Trump as essential to societal stability. While liberals emphasized the Green Deal and high taxation, Trump has prioritized economic competitiveness with low taxes and rejected expansive climate mandates.

His administration has reframed these debates in the U.S., forcing even critics to engage with ideas they once dismissed as fringe.

In Europe, however, old governance remains entrenched. The European Union continues to champion open-border migration policies and ambitious climate initiatives despite mounting public dissatisfaction.

Trump Redefines the West as Europe Struggles to Break Free from Progressive Orthodoxy

Polls show that majorities in EU member states oppose mass migration and favor peace negotiations in Ukraine, yet EU leaders remain committed to their ideological positions. Critics argue this disconnect underscores a “democracy deficit,” where elite-driven agendas overshadow public sentiment.

This ideological rigidity contrasts sharply with Trump’s transactional business focus. His administration has reduced commitments to NATO while urging European nations to increase defense spending and take greater responsibility for regional security.

Meanwhile, Hungary’s Prime Minister Viktor Orbán has criticized what he calls Europe’s “liberal dictatorship,” arguing that Western elites stifle debate by labeling dissenting views as extremist.

Orbán claims that both Biden’s U.S. and EU technocrats have previously funneled funds into Hungarian opposition groups and NGOs critical of his government, undermining national sovereignty—a practice he likened to foreign interference.

Observers caution that Europe risks entangling itself in an “Afghanistan-like quagmire” if the Ukraine war persists without a viable peace plan. They contend that Western sanctions have unintentionally solidified a lasting Russia-China alliance, potentially reshaping global power dynamics for decades to come.

While Central European nations like Hungary and Poland prioritize sovereignty and pragmatic foreign relations, aligning with Trump’s priorities and the West’s evolving realities, Western Europe—particularly Germany—remains steadfast in its commitment to ideological policies that critics contend are increasingly disconnected from public concerns.

As Trump reshapes global politics and redefines the narratives of truth and falsehood among elites, Europe faces a pivotal decision: adapt to the shifting ideological landscape or risk falling behind. Without decisive leadership ready to challenge entrenched progressive norms, the continent risks losing its relevance in an increasingly multipolar world.

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