The emergence of a dynamic young leader galvanized the Venezuelan opposition two years ago. Juan Guaido united disparate opposition parties and won recognition as the country’s legitimate president from Donald Trump’s administration and dozens of other governments. His colleagues and the U.S. officials who backed him insisted that a campaign of “maximum pressure”—entailing biting sanctions, international isolation and even veiled threats of military action—would force an end to President Nicolas Maduro’s “usurpation” of power and restore democracy to Venezuela.
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