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Economics

As Maduro and Guaido Trade Threats, Their Underlings Seek a Deal

  • Behind a show of intransigence, officials are quietly flexible
  • Increased U.S. sanctions are aimed at forcing Maduro’s hand

Negotiations over Venezuela’s future look like a game of chicken as each side arrives with maximum demands.

President Nicolas Maduro’s entrenched government says lift all U.S. sanctions or nothing moves; the sanctions remain until Maduro leaves, replies Juan Guaido’s opposition. Meanwhile, the U.S. government ratchets up pressure through a near-total embargo, the strongest such measures on a Western Hemisphere country in three decades.