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Trump’s Bid to Rule the Americas
Donald Trump speaks to members of the press aboard Air Force One on October 19, 2025. (Alex Wong via Getty Images)
Behind the bailouts, the sanctions, and the flattery of right-wing strongmen sits a single project: a U.S.-led Western Hemisphere united against China’s rise.
By Tyler Cowen
10.27.25 — Tyler Cowen Must Know
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Why is Donald Trump bailing out Argentine president Javier Milei? Why does he court El Salvador’s increasingly authoritarian President Nayib Bukele so avidly? Why did he once regularly talk about annexing Canada and Greenland? Why do we seem to be on the verge of war with Venezuela? Why the talk of possible drone strikes on drug cartels in Mexico? Why the obsession with former Brazilian president Jair Bolsonaro? Why did Trump recently announce an end to all subsidies to Colombia?

How to make sense of these bewildering headlines? The answer lies in an emerging story about the Trump administration’s approach to the Americas—an approach that, though I’m skeptical of its success, helps organize the flurry of news about the region.

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Tyler Cowen
Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Faculty Director of the Mercatus Center. He received his PhD in economics from Harvard University in 1987. His book The Great Stagnation: How America Ate the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better was a New York Times best-seller. He was named in an Economist poll as one of the most influential economists of the last decade and Bloomberg Businessweek dubbed him "America's Hottest Economist." Foreign Policy magazine named him as one of its "Top 100 Global Thinkers" of 2011. He co-writes a blog at www.MarginalRevolution.com, hosts a podcast Conversations with Tyler, and is co-founder of an online economics education project, MRU.org. He is also director of the philanthropic project Emergent Ventures.
Tags:
Donald Trump
Foreign Policy
Venezuela
China
Latin America
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