IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL5.07▼ 0.14% USD/MXN17.41▲ 0.14% USD/CLP925.20▼ 0.09% USD/COP3,218▼ 1.28% USD/PEN3.39▲ 0.13% USD/ARS1,475▲ 0.32% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.10% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.34% USD/VES725.63▲ 0.11% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.48▼ 0.01% USD/TTD6.76▲ 1.32% EUR/BRL5.82▲ 0.14% BRENT 84.61 ▼ 0.40% WTI 79.60 — 0.00% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.45% GOLD 4,036 ▼ 0.21% SILVER 57.19 ▲ 0.14% SOY 1,204 ▲ 0.12% CORN 471.50 ▲ 5.36% WHEAT 688.75 ▲ 1.66% COFFEE 307.70 ▼ 8.75% SUGAR 14.74 ▼ 0.74% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,061 ▲ 7.08% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 2.28% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 1.16% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% 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 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,173 ▼ 0.83% ETH 1,909 ▼ 0.42% SOL 76.36 ▼ 1.17% XRP 1.11 ▼ 0.65% BNB 579.37 ▼ 0.13% ADA 0.16 ▼ 1.39% DOGE 0.07 ▼ 0.73% AVAX 6.62 ▼ 1.14% LINK 8.51 ▼ 0.29% DOT 0.83 ▼ 1.35% LTC 44.84 ▼ 0.63% BCH 223.90 ▲ 0.34% TRX 0.32 ▼ 0.15% XLM 0.19 ▼ 0.60% HBAR 0.07 ▼ 1.29% NEAR 2.05 ▼ 0.87% ATOM 1.54 ▼ 0.68% AAVE 94.43 ▼ 1.46% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% MIRGOR 16,975 ▲ 1.34% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL 5.07 ▼ 0.32% USD/MXN 17.41 ▼ 0.03% USD/CLP 925.20 ▲ 0.02% USD/COP 3,218 ▼ 1.28% USD/PEN 3.39 ▼ 0.10% USD/ARS 1,475 ▲ 0.32% USD/UYU 40.15 ▲ 1.14% USD/PYG 6,039 ▲ 1.50% USD/BOB 10.65 ▲ 3.92% USD/DOP 58.36 ▲ 0.19% USD/CRC 447.49 ▲ 0.98% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.73 ▲ 0.07% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▲ 0.48% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.48 ▲ 0.31% USD/TTD 6.76 ▲ 1.56% EUR/BRL 5.82 ▲ 0.14% BRENT 84.61 ▼ 0.40% WTI 79.60 — 0.00% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.45% GOLD 4,036 ▼ 0.21% SILVER 57.19 ▲ 0.14% SOY 1,204 ▲ 0.12% CORN 471.50 ▲ 5.36% WHEAT 688.75 ▲ 1.66% COFFEE 307.70 ▼ 8.75% SUGAR 14.74 ▼ 0.74% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,061 ▲ 7.08% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 2.28% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 1.16% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% 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 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,173 ▼ 0.83% ETH 1,909 ▼ 0.42% SOL 76.36 ▼ 1.17% XRP 1.11 ▼ 0.65% BNB 579.37 ▼ 0.13% ADA 0.16 ▼ 1.39% DOGE 0.07 ▼ 0.73% AVAX 6.62 ▼ 1.14% LINK 8.51 ▼ 0.29% DOT 0.83 ▼ 1.35% LTC 44.84 ▼ 0.63% BCH 223.90 ▲ 0.34% TRX 0.32 ▼ 0.15% XLM 0.19 ▼ 0.60% HBAR 0.07 ▼ 1.29% NEAR 2.05 ▼ 0.87% ATOM 1.54 ▼ 0.68% AAVE 94.43 ▼ 1.46% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% MIRGOR 16,975 ▲ 1.34% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79%
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Trump’s “Board of Peace” Meets Brazil’s Pushback Over Who Runs World Diplomacy

By · January 25, 2026 · 2 min read

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Key Points

  • Lula says global rules are being replaced by “the law of the strongest,” with the UN Charter under strain.
  • Trump’s proposed “Board of Peace” is framed as a fast-acting club, with talk of a US$1 billion permanent seat.
  • Europe is wary, China echoes UN primacy, and Brazil is pushing a counter-mobilization for multilateral legitimacy.

Brazil’s President Luiz Inácio Lula da Silva is casting President Donald Trump’s proposed “Board of Peace” as more than a new diplomatic tool.

In Lula’s telling, it is a signal that global decision-making is shifting away from institutions and toward personalities, money, and raw leverage.

Speaking at an event of the Landless Workers’ Movement (MST) in Salvador, Bahia, Lula said the world is in a “very critical” political moment.

He argued that multilateralism is being discarded in favor of unilateral power, and that the UN Charter is being “torn up.”

The message was blunt: when rules weaken, the strongest actor writes the outcome.

Trump’s “Board of Peace” Meets Brazil’s Pushback Over Who Runs World Diplomacy
Trump’s “Board of Peace” Meets Brazil’s Pushback Over Who Runs World Diplomacy
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Trump’s “Board of Peace” Meets Brazil’s Pushback Over Who Runs World Diplomacy

Lula’s target was Trump’s newly announced initiative, also described as a “Peace Council” in some accounts.

Trump presented it around the Davos week as a mechanism to manage major conflicts and post-war arrangements, starting with Gaza.

The pitch is speed and control, including oversight of ceasefire enforcement and the shape of temporary governance and reconstruction.

But the design is what alarms critics. Reporting around the plan has described Trump as chair and included talk of a US$1 billion fee for a permanent seat.

That pricing idea, even if still fluid, would turn global peacemaking into a membership model. It also risks creating a rival power center beside the UN, rather than inside it.

European skepticism surfaced quickly. Spain’s Prime Minister Pedro Sánchez publicly rejected participation, citing legitimacy concerns outside the UN framework.

Canada also became a cautionary example after Trump withdrew its invitation following a Davos clash.

Unlike Brazil, Argentina and Paraguay signed on in Davos as founding members of Trump’s “Board of Peace.”

Lula tied the moment to Brazil’s long campaign to reform, not replace, the UN. He again defended expanding the Security Council to include new countries, including Brazil, Mexico, and African states.

He also warned that Brazil must stay alert this year, with presidential elections in October and democratic pressures rising worldwide.

Behind the scenes, Lula has been working the phones. China’s leader, Xi Jinping, has echoed the need to protect the UN’s central role.

For Brazil, the stakes are simple: if ad hoc clubs replace universal rules, mid-sized powers pay more for less influence.

Related coverage: Brazil’s Morning Call | Brazil’s Visa Balancing Act: China Gets An Opening, American This is part of The Rio Times’ daily coverage of Brazil affairs and Latin American financial news.

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