Berliner Boersenzeitung - On Venezuela, how far will Trump go?

On Wednesday, Trump announced the seizure of an oil tanker in enforcement of unilateral US sanctions.

How far could Trump go, and what would be the result?

- What is the movitation? -

Venezuelan President Nicolas Maduro, a leftist nemesis of the United States, successfully resisted an attempt during Trump's first term to oust him through sanctions and diplomatic pressure.

Days before Trump returned to office, Maduro was sworn in to a third six-year term despite international observers finding wide irregularities in last year's election.

Trump has criticized democracy promotion as a goal and pursued a transactional approach to diplomacy, which he initially pursued with Maduro as well.

But Secretary of State Marco Rubio, seeking to bring down the communist government in his ancestral Cuba -- which benefits from Venezuelan oil -- quickly led to a shift toward a more hawkish policy that includes unsubtle threats to remove Maduro.

"His days are numbered," Trump said of Maduro in a recent interview with Politico, adding that he would not "rule in or out" whether he would order a ground invasion.

- A light military option? -

Many observers believe Trump has politically forced himself to take some sort of action, as weeks have gone by since he threatened strikes.

The Trump administration may decide "we'll look really foolish and we'll lose a lot of credibility if we just order the fleet to sail away," said Phil Gunson, a Venezuela-based expert for the International Crisis Group.

Trump could also order a light military campaign and declare mission accomplished.

In such a scenario, the United States could strike illegal drug production -- officially the main US grievance with Venezuela, although the country has few drug labs -- or remote guerrilla camps, whose fighters likely have already dispersed, Gunson said.

- A heavier option? -

Few think Trump has the appetite for a full-scale military invasion of Venezuela, a country of 31 million about the size of Texas.

A takeover of the country, whose economy has been crumbling for years, would be a daunting task with little support among the US population.

But higher-risk strategies could include directly striking government or military sites.

The Venezuelan military conceivably could try to shoot down missiles or planes, but would be badly outmatched.

"Maduro doesn't want to escalate because if he provokes them into doing something full scale, he knows that his military wouldn't last more than a day or two," Gunson said.

Will Freeman, a fellow on Latin America at the Council on Foreign Relations, said Trump more likely wants Maduro to think the United States is willing to take drastic action -- including killing him.

The fact that Trump has publicly said the United States is taking covert action inside Venezuela is "the clearest signal of any that this is a psyop, and the whole point is to generate anxiety and fear," Freeman said.

- Could Maduro fall? -

Maduro is in a weaker position than during Trump's first term, but still counts on the military.

"He may have the support of somewhere between 20 and 30 percent of the electorate, which is not a negligible amount of people, but it's clearly not enough to govern the country, especially when you just stole an election," Gunson said.

"His continued hold on power is entirely dependent on maintaining the loyalty of the armed forces."

Freeman said that even if the United States strikes, "I'm predicting that Maduro remains."

Trump could instead seal a deal to claim success, such as on drugs or migration, Freeman said.

Venezuela's largest neighbors, Colombia and Brazil, have leftist leaders critical of Trump's interventionism.

But Trump has also found support, from tiny nearby Trinidad and Tobago to right-led countries across the region such as Argentina and Peru.

"If the US did succeed in toppling Maduro there would be a lot of angry communiques about the use of force in the Americas, but behind the scenes a lot of people breathing a sigh of relief if it actually worked," Gunson said.

"My doubt, of course, is whether it would really work."

(O.Joost--BBZ)