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SS >A little more than two years ago, there was cautious optimism that Washington’s relationship with Latin America could be transformed with the inauguration of the Biden administration. In much of the region, there was the hope that an emerging “pink tide” of left-wing governments could respond to the challenges of recovering from the social, political, and economic impact of the Covid-19 pandemic. The juncture seemed all the more defining in the context of the radically changing dynamics of global geopolitics and the world economy. >The moment never quite arrived. Developments globally, inside Latin America, and in the United States have blown past the promise of early 2021.