U.S. President Donald Trump's actions in Venezuela and Argentina are adding to a broader embrace of rightward policies throughout Latin America. This shift, coming during an important election year for many countries in the region, is expected to encourage foreign investment, as investors expect more business-friendly reforms to be implemented.
The U.S. removal of President Nicolas Maduro over the weekend sent Venezuela's defaulted debt soaring, while Trump's gamble last year to bolster Argentina's Javier βMilei β an ideological ally β with a financial backstop of up to $40 billion paid βoff when Milei's party did well in crucial midterm elections.
In a different era, Trump's interventions may have sparked more of a backlash against brazen foreign meddling.
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