A month into Donald Trump’s second presidency, Latin America has become a key focus of his administration. From high-stakes negotiations with Mexico to his stated goal of reclaiming the Panama Canal, Trump’s policies have already had concrete consequences for the region. While leaders like Argentina’s Javier Milei and El Salvador’s Nayib Bukele welcome his return, others question the reliability of the U.S. as an ally compared to China and Europe. To unpack these developments, this episode features journalist and writer Michael Reid, a former Latin America correspondent for The Economist and the author of Forgotten Continent: A History of the New Latin America.