Trump’s corollary to the Monroe Doctrine – “speak loudly AND carry a big stick” – has not been applied full force on Venezuela… as of yet. Instead, the new administration appears to be testing a more nuanced approach. In his first administration, he succeeded in crashing the Venezuelan economy and creating misery among the populace but not in the goal of changing the “regime.”
Back in 2019, the Bolivarian Revolution, initiated by Hugo Chávez and carried forward by his successor, current Venezuelan President Nicolás Maduro, was teetering on collapse under Trump’s “maximum pressure” offensive. The economy had tanked, inflation was out of control, and the GDP was in freefall. Over 50 countries recognized Washington-anointed “interim president” Juan Guaidó’s parallel government.
In the interregnum between Trump administrations, Biden embraced his predecessor’s unilateral coercive economic measures, euphemistically called sanctions, but with minimal or temporary relief. He certified the incredulous charge that Venezuela posed an immediate and extraordinary threat to US national security, as Trump and Obama had before him. Biden also continued to recognize the inept and corrupt Guaidó as head-of-state, until Guaidó’s own opposition group booted him out.
Despite enormous challenges, Venezuela resisted and did so with some remarkable success, bringing us to the present.
Run-up to the second Trump administration
In the run-up to Trump’s inauguration, speculation on future US-Venezuela relations ran from cutting a peaceful-coexistence deal, to imposing even harsher sanctions, to even military intervention.
Reuters predicted that Trump’s choice of hardliner Marco Rubio at secretary of state augured an intensification of the regime-change campaign. Another right-wing Floridian of Cuban descent, Mauricio Claver-Carone was tapped as the special envoy for Latin America. He had been Trump’s senior director for Western Hemisphere affairs and credited with shaping Trump’s earlier aggressive stance toward Venezuela. Furthermore, on the campaign trail, Trump himself commented: “When I left, Venezuela was ready to collapse. We would have taken it over; we would have gotten to all that oil.”
At his Senate confirmation hearing on January 15, Rubio described Venezuela as a “narco-trafficking organization that has empowered itself of a nation state.” He was unanimously confirmed the very first day of the new administration.
The supposedly opposition Democrats all stampeded in his support, although Rubio severely criticized the previous Biden administration for being too soft on Venezuela. Rubio’s criticism was largely unwarranted because, except for minor tweaks, Biden had seamlessly continued the hybrid war against Venezuela.
Grenell Trumps Rubio
The first visit abroad by a Trump administration official was made by Ric Grenell, presidential envoy for special missions. Grenell briefly served in Trump’s first administration as acting director of national intelligence, becoming the first openly gay person in a Cabinet-level position.
Grenell flew to Caracas and posed for a photo-op, shaking hands with President Maduro on January 31. This was a noteworthy step away from hostility and towards rapprochement between two countries that have not had formal diplomatic relations since 2019.
The day after the Grenell visit, Rubio embarked on an uninspiring tour of right-wing Latin American countries. That same day, General License 41 allowing Chevron to operate in Venezuela automatically renewed, which was a development that Rubio had advocated against.
Diplomacy of dignity
Maduro entered negotiations with Grenell with a blend of strategic engagement and assertive resistance, aiming to navigate Venezuela’s economic challenges while maintaining sovereignty. The approach had win-win outcomes, although the spin in the respective countries was quite different.
Grenell claimed a “win” from the meeting with the release of six “American hostages” without giving anything in return. Venezuela, for its part, got rid of a half dozen “mercenaries.” Neither country has released the names of all the former detainees.
Grenell took a victory lap for getting Venezuela to accept back migrants who had left the country, a key Trump priority. Maduro welcomed them as part of his Misión Vuelta a la Patria (Return to the Homeland Program), which has repatriated tens of thousands since its inception in 2018.
Trump’s special envoy boasted that Venezuela picked up the migrants and flew them back home for free. Maduro was pleased that the US-sanctioned national airline Conviasa was allowed to land in the US and transport the citizens back in dignity. Congratulating the pilots and other workers, Maduro said: “The US tried to finish off Conviasa, yet here it is, strong.”
Evolution of imperialist strategy
Trump’s special representative for Venezuela in his first administration, Elliot Abrams, believes his former boss sold out the shop. He criticized Grenell’s visit as functioning to help legitimize Maduro as Venezuela’s rightful president, which it did.
In contrast, Robert O’Brien believes, “Grenell scored a significant diplomatic victory.” What is noteworthy is that O’Brien replaced John Bolton as Trump’s national security advisor in 2019 and had worked with Abrams as co-architect of the “maximum pressure” campaign against Venezuela, yet now acknowledges it is time for a shift.
Speaking from experience, O’Brien commented: “Maximum economic sanctions have not changed the regime in Venezuela.” He now advocates: “Keeping sanctions against Venezuela in place, while at the same time, granting American and partner nation companies licenses.”
According to Grenell, Trump no longer seeks regime change in Venezuela, but wants to focus on advancing US interests, namely facilitating deportations of migrants, while halting irregular migration to the US and preventing inflation of gas prices.
Ricardo Vaz of Venezuelanalysis suggests that Trump’s strategy is to adroitly use sanctions. Rather than driving Venezuela into the arms of China and Russia, Trump wants to incrementally erode sovereignty, compel sweetheart deals with foreign corporations such as Chevron, and eventually capture control of its oil industry.
Venezuela’s successes force imperial accommodation
Not only did “maximum pressure” fail to achieve imperial goals in the past, but the Bolivarian Revolution’s accomplishments today have necessitated a more “pragmatic” approach by the US.
Venezuela has resolutely developed resilience against sanctions, achieving an extraordinary economic turnaround with one of the highest GDP growth rates in the hemisphere. Venezuelan oil production is at its highest level since 2019. The oil export market has been diversified with China as the primary customer, although the US is still prominent in second place.
However, if Chevron operations in Venezuela get shuttered, that would take a bite out of the recovery. Trump threatened on February 26 to withdrawal the company’s license, departing from the initial engagement approach. This was seen as a short-term concession to foreign policy hardliners in exchange for domestic support. But even then, the license’s six-month wind-down period offered room for the two governments to negotiate their future oil relationship. On March 1, the Office of Foreign Assets Control automatically reissued the license for another six months. But then on March 4, the wind-down period was reduced to a short 30 days. This could mark a turn back in the direction of regime change.
The government is incrementally mitigating the economic dominance by the oil sector. It has also made major strides towards food self-sufficiency, which is an under-reported victory that no other petrostate has ever accomplished.
It has reformed the currency exchange system reducing rate volatility, although a recent devaluation is worrisome. Tax policy too has become more efficient.
Further, the collapse of the US-backed opposition leaves Washington with a less effective bench to carry its water. The opposition coalition is divided over whether to boycott or participate in the upcoming May 25 elections. The USAID debacle has now left the squabbling insurrectionists destitute. (Venezuela never received any humanitarian aid.).
Washington still officially recognizes the long defunct 2015 National Assembly as the “legitimate government” of Venezuela. At the same time, Trump inherited the baggage of González Urrutia as the “lawful president-elect” (but not as “the president”), leaving the US with two parallel faux governments to juggle along with the actual one. Lacking a popular base in Venezuela, González Urrutia abjectly whimpered: “As I recently told Secretary of State Marco Rubio: We are counting on you to help us solve our problems.”
Although US sanctions will undoubtedly continue, Venezuela’s adaptations blunt their effectiveness. Venezuela’s resistance, bolstered by its natural oil and other reserves, have allowed that Latin American country to force some accommodation from the US. In contrast, the imperialists are going for the jugular with resistance-strong but natural resource-poor Cuba.
The future of détente
Shifting political forces can endanger the fragile détente. Indeed, on February 26, Trump announced that oil licenses would be revoked, supposedly because Venezuela was not accepting migrants back fast enough. The Florida Congressional delegation, it is rumored, threatened to withhold approval of his prized Reconciliation Bill, if Trump did not cancel.
Clearly there is opposition from his party, both at the official and grassroots levels, against détente with Venezuela. As for the Democrats, elements have distinguished themselves from Trump by outflanking him from the right. The empire’s newspaper of record, the New York Times, recently ran a piece calling for military intervention in Venezuela.
According to Carlos Ron, former Venezuelan deputy foreign minister, the issue of détente between Washington and Caracas goes beyond this particular historical moment and even beyond the specifics of Venezuela to a fundamental contradiction: the empire seeks domination while the majority of the world’s peoples and nations seek self-determination. Until that is resolved, the struggle continues.