IBOV 167,921.80 ▼ 0.75% IPC MEX 69,779.20 ▼ 0.01% MERVAL 2,848,945 — — USD/BRL5.38▼ 0.99% USD/MXN18.58▲ 0.01% USD/CLP976.85▼ 1.73% USD/COP3,229▲ 5.90% USD/PEN3.46▼ 0.08% USD/ARS1,545▼ 0.02% USD/UYU40.19▼ 0.01% USD/PYG5,915▼ 0.84% USD/BOB12.00▲ 2.12% USD/DOP60.06▲ 2.32% USD/CRC449.70▲ 2.21% USD/GTQ7.64▲ 3.30% USD/HNL26.89▲ 3.37% USD/NIO36.62▲ 2.87% USD/VES888.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.55% USD/TTD6.65▲ 1.36% EUR/BRL6.03▼ 0.59% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,921.80 ▼ 0.75% IPC MEX 69,779.20 ▼ 0.01% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Tuesday, November 3, 2026

US Midterms Shape Africa and Latin America

By · November 3, 2026 · 7 min read
The United States Capitol in Washington lit at dusk, seen from the east side
Photo: Martin Falbisoner / Wikimedia Commons (CC BY-SA 3.0)

US MIDTERMS · LATIN AMERICA · AFRICA

Updated Tuesday 3 November 2026

On Tuesday 3 November 2026 Americans vote for all 435 House seats, 35 of 100 Senate seats and 36 governorships. Polymarket bets favour Democrats for the House (94.5%) and Senate (76.5%) at 4:32 a.m. ET; first polls close 6 p.m. ET.

Key Facts

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  • —What is happening Americans vote today for 435 House seats, 35 Senate seats and 36 governors; polls close from 6 p.m. to 1 a.m. ET.
  • —Why it matters Congress writes the trade, aid and immigration-funding laws that reach Latin America and Africa, but tariffs rest on executive powers.
  • —The numbers Republicans hold 53 of 100 Senate seats, so Democrats need a net gain of four; a House majority is 218.
  • —Who is who Donald Trump, president since January 2025, is not on the ballot; the House has 435 voting seats, the Senate 100.
  • —What to watch Polls close 6 p.m. to 1 a.m. ET; control of the House and Senate may stay unclear until Wednesday 4 November.
  • —What it means for you Section 301 tariffs of 10% to 12.5% stand whoever wins; AGOA, Africa’s US trade preference, expires Thursday 31 December.
  • —Prediction markets Polymarket gives Democrats a 94.5% chance of the House and 76.5% of the Senate (3 November, 4:32 a.m. ET).

What Is on the Ballot Today

All 435 House seats are on the ballot, and 218 seats make a majority. The Clerk of the House lists two vacant seats, in Florida’s 20th and Texas’s 23rd districts.

In the Senate, 35 of 100 seats are up, and Republicans hold 53 against 47 for Democrats and their two independent allies. Democrats need a net gain of four seats to reach 51, because the vice president breaks 50-50 ties.

Thirty-six governorships are also on the ballot, and each state runs its own voting and count. Two of the 35 Senate contests are special elections, in Ohio and Florida, for seats vacated in January 2025.

A law needs both chambers and the president’s signature, so a split Congress can block the other side. Overriding a veto takes two-thirds of each chamber, a threshold neither party holds today.

In Georgia a candidate needs a majority to win. If nobody gets one, a runoff would be held on Tuesday 1 December 2026.

Poll Closing Times and When Results Arrive

The first polls close at 6 p.m. ET in parts of Indiana and Kentucky. Georgia, South Carolina, Vermont, Virginia and most of Florida follow at 7 p.m. ET.

Ohio, North Carolina and West Virginia close at 7:30 p.m. ET, and the largest batch of states at 8 p.m. ET. More states close at 9 and 10 p.m. ET.

Western states, including California, Oregon and Washington, close at 11 p.m. ET. Hawaii and most of Alaska close at midnight ET, and the western Aleutian Islands at 1 a.m. on Wednesday 4 November.

Florida, North Carolina and Georgia usually count quickly, while Michigan, Wisconsin and Pennsylvania can take longer. Calls in close races may wait until Wednesday 4 November or later.

In Brasília and São Paulo the first closings come at 8 p.m. Tuesday, and the big wave two hours later. In Mexico City the first closings come at 5 p.m., one hour before ET, and Bogotá matches ET.

In Lagos the first closings fall at midnight, and the 8 p.m. ET wave at 2 a.m. on Wednesday. Johannesburg is at 1 a.m. and 3 a.m., and Nairobi at 2 a.m. and 4 a.m.

A voter leaving the polling place at Cohasset City Hall, Minnesota, on Election Day 2024
A voter leaves the polling place at Cohasset City Hall, Minnesota, on Election Day, 5 November 2024. The photo is from the 2024 election and does not show 2026. Photo: Lorie Shaull / Wikimedia Commons (CC BY 2.0)

Where the Results Stand

As of the morning of Tuesday 3 November 2026, no polls have closed and no results exist. This section will carry the House and Senate tally after polls close tonight.

Only the first two sentences and this section change when results arrive; every other section stays valid. Official results come from state election offices, and certification can take days or weeks.

The Clerk of the House publishes the official list of members, and the Senate does the same for senators. Recounts in close races can delay the final tally beyond Wednesday 4 November.

What Prediction Markets Say

At 4:32 a.m. ET on 3 November, Polymarket, a US prediction market, priced a Democratic House at 94.5%, with US$43.0 million traded. It priced a Democratic Senate at 76.5%, with US$18.4 million traded.

Its balance-of-power market, with US$61.6 million traded, gave Democrats both chambers 75.5% and a Democratic House with a Republican Senate 18.5%. Republicans keeping both chambers stood at 5.5%.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

What It Means for Latin America

Most US tariffs now rest on executive powers, so a vote for Congress does not change them overnight. Section 301 duties of 10% or 12.5% on 60 economies took effect at 12:01 a.m. ET on 24 July 2026.

The US Trade Representative’s notice sets Brazil, Chile, Colombia and Peru at 12.5%. Mexico is in the lower 10% tier, and the notice lists exclusions for some products.

A Democratic House could hold hearings and use spending bills to question tariffs and deportation funding. It cannot remove either alone, because the Senate and the president must also agree.

A 1% US tax on cash remittances has applied since 1 January 2026 under the 2025 budget law, Public Law 119-21. Transfers from bank accounts and cards are exempt, so the tax falls mainly on cash senders.

For more, see our analyses of Mexico and the US midterms, Brazil and Trump’s tariff pressure and Colombia and deportations. Our Latin America coverage has the latest.

What It Means for Africa

Section 301 duties of 12.5% apply to Algeria, Angola, Egypt, Libya, Morocco, Nigeria and South Africa, the notice says. Kenya, Ghana and Ethiopia are not among the 60 economies covered.

The African Growth and Opportunity Act (AGOA) gives eligible sub-Saharan countries duty-free access to the US market for many goods. It was extended on 3 February 2026, retroactive to 30 September 2025, and now expires on Thursday 31 December 2026.

A stopgap spending law, H.R. 6500, signed on Wednesday 2 September 2026, funds federal agencies through Friday 11 December. Full-year funding for State Department and aid programmes is still undecided.

The Congress elected today takes office on Sunday 3 January 2027 and will shape 2027 aid and trade bills. It can renew AGOA, but only with the Senate and the president, who also decide how long any renewal lasts.

For more, see our Africa pillar on the new scramble and the Africa coverage. The full US midterms hub and the results night guide by time zone carry live updates.

What It Means for You

If you export to the US, check your country’s Section 301 tier, 10% or 12.5%, and the notice’s product exclusions. The duties apply from 24 July 2026 whoever wins today.

If you send money to Latin America or Africa, cash transfers carry a 1% US tax; bank and card transfers do not. Repeal would need both chambers and the president.

If you follow from Africa or Latin America, first signals arrive after 7 p.m. ET and a fuller picture by Wednesday morning. Treat early projections as estimates until states certify their counts.

What to Watch Next

  • Tuesday 3 November: polls close from 6 p.m. ET, with the last at 1 a.m. ET on Wednesday 4 November.
  • Wednesday 4 November: South Africa holds local government elections, and Brazil’s central bank announces its rate decision.
  • Tuesday 1 December: Georgia runoff, if no candidate wins a majority (state of Georgia election calendar).
  • Friday 11 December: the stopgap law funding agencies expires; Thursday 31 December: AGOA expires.
  • Sunday 3 January 2027: new members’ terms begin at noon under the 20th Amendment.
  • Tonight: this page will be rebuilt with results; only the first two sentences and the results section will change.

What Is Not Known

No seat has been decided, and prediction-market prices change by the minute. Which Senate races will decide control is not yet known.

Whether Congress will renew AGOA, extend the stopgap law or change tariffs is not known. Prediction-market prices are not results.

Frequently Asked Questions

When do polls close in the US midterm elections?

Polls close from 6 p.m. ET on Tuesday 3 November 2026, with the last at 1 a.m. ET in Alaska’s Aleutian Islands. Hours vary by state.

Who is expected to win the US midterms?

Polymarket gave Democrats a 94.5% chance of the House and 76.5% of the Senate at 4:32 a.m. ET on 3 November. These are bets, not results.

How could the US midterms affect Latin America?

Congress shapes spending, trade reviews and remittance rules, but Section 301 tariffs and deportation policy rest largely with the president. A Democratic House would add hearings, not repeal.

How could the US midterms affect Africa?

Congress decides whether to renew AGOA, which expires on 31 December 2026, and funds aid programmes. Section 301 tariffs of 12.5% on seven African economies are executive.

Sources: Clerk of the House of Representatives, vacancies page; US Senate, party composition of the 119th Congress; Office of the US Trade Representative, Section 301 forced-labor final action notice, 23 July 2026; White House, signing of H.R. 6500, Continuing Appropriations and Extensions Act 2027, 2 September 2026; Georgia state election calendar for the December runoff; Polymarket public market data, 3 November 2026, 4:32 a.m. ET; all accessed 3 November 2026.

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