Trump’s Venezuela Policy: A New Monroe Doctrine & Global Power Shifts

January 26, 2026

The Shifting Sands of Global Power: Beyond the New Monroe Doctrine

The recent signals from the Trump administration regarding Venezuela aren’t simply about one nation; they represent a testing ground for a broader re-evaluation of US foreign policy. The core principle appears to be a renewed focus on hemispheric control, echoing historical precedents but adapted for a 21st-century geopolitical landscape. This isn’t merely about resource control – though hydrocarbons are undeniably a key factor – but about limiting the influence of perceived rivals like China and Russia in what the US considers its backyard. However, the path forward is fraught with contradictions.

The Illusion of Cost-Free Imperialism

Throughout history, imperial ambitions have rarely delivered solely benefits. The Roman Empire, despite its grandeur, required constant military expenditure and faced internal strife. More recently, the US experiences in Afghanistan and Iraq demonstrate the high political and economic costs of prolonged intervention. Successful imperial projects require a unifying national narrative – a sense of shared purpose. Think of Kipling’s justifications for British colonialism or the fervent nationalism that fueled early 20th-century expansionism. Today, that narrative is fractured. Trump’s rise was, in part, a rejection of the “nation-building” projects of his predecessors.

The current expectation seems to be that the US can exert influence without significant military commitment or financial outlay. The assumption is that simply demonstrating overwhelming power will compel compliance. This is a risky proposition. As demands become more extreme and deviate from international norms, the likelihood of needing to resort to force – and sustaining that force – increases dramatically. A recent Council on Foreign Relations report (https://www.cfr.org/) highlighted the growing risk of miscalculation in Latin America due to this perceived asymmetry of power.

Venezuela: A High-Stakes Gamble

The initial approach to Venezuela – reportedly involving elements of the Maduro regime – underscores the complexity. The country is in a state of profound economic and political crisis. Decades of mismanagement have crippled the oil industry, the nation’s economic lifeline. A successful intervention, or even stabilization effort, requires a comprehensive plan, something that appears to be lacking. Expecting a quick “fix” is unrealistic. US companies will demand substantial incentives and guarantees before re-entering a market from which they were previously excluded. Without rapid, tangible improvements in the lives of Venezuelans, social and political unrest will likely escalate, potentially drawing the US deeper into the quagmire.

Did you know? Venezuela holds the world’s largest proven oil reserves, yet its production has plummeted in recent years due to underinvestment and mismanagement.

Beyond Latin America: A New Yalta?

The situation in Venezuela may be a microcosm of a larger strategy: a potential attempt to negotiate a new global order with China and Russia. The idea of a “new Yalta” – a division of spheres of influence – is gaining traction in some circles. However, the conditions are vastly different from 1945. The US doesn’t face the same level of existential threat, and the power dynamics are far more complex. Recognizing a US sphere of influence in the Western Hemisphere is relatively costless for China and Russia, as they lack the capacity to effectively challenge it. However, extending this principle to Asia or Europe would require significant concessions from the US, weakening its alliances and credibility.

Europe’s Precarious Position

For Europe, the implications are particularly acute. The erosion of the multilateral system, the pressure to appease Russia in Ukraine, and the increasingly hostile rhetoric emanating from some corners of the Trump administration pose a significant challenge. The accusation of “decadence” leveled against Europe, coupled with support for far-right movements, is deeply concerning. This rhetoric mirrors that of Putin, suggesting a shared objective: to undermine the liberal democratic model that prevails in much of Europe.

Pro Tip: European nations should prioritize strengthening internal cohesion and diversifying their strategic partnerships to mitigate the risks posed by a shifting global order.

The Greenland Card and the Arctic

The renewed interest in acquiring Greenland, while seemingly outlandish, highlights a growing strategic focus on the Arctic. The region’s vast natural resources and its increasing accessibility due to climate change make it a potential flashpoint. A collaborative approach between Europe and the US in the Arctic would be logical, but Trump’s insistence on sovereignty complicates matters. Any attempt to assert control through force would destabilize the region and damage transatlantic relations. Denmark has already firmly rejected any such overtures, emphasizing the importance of self-determination.

FAQ

  • Is a new Cold War inevitable? Not necessarily, but the risk of increased geopolitical competition is high. The outcome will depend on the willingness of major powers to engage in diplomacy and find areas of common ground.
  • What role will China play? China is likely to continue expanding its economic and political influence globally, challenging the US-led order.
  • How will this affect European security? Europe will need to increase its defense spending and strengthen its alliances to ensure its security in a more volatile world.
  • What is the biggest risk of the current situation? Miscalculation. A series of escalating actions and reactions could lead to unintended consequences.

The coming months will be critical in determining the direction of US foreign policy. The situation in Venezuela will serve as a crucial test case. The world is watching, and the stakes are high.

Reader Question: “How can smaller nations navigate this new geopolitical landscape?” The key is to diversify alliances, focus on economic resilience, and actively participate in international forums to amplify their voices.

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