President Donald Trump has set his sights on several targets in the Western Hemisphere beyond Venezuela — from Mexico with its drug cartels to the political cause célèbre of Cuba.

But one place is oddly missing from Trump’s list: Nicaragua.

This is a country led not by one, but two dictators. A place where the opposition has been exiled, imprisoned or otherwise stifled so much the word “totalitarian” comes to mind. A place the first Trump administration named alongside Cuba and Venezuela as part of a “troika of tyranny.”

Yet it’s barely been mentioned by the second Trump administration.

That could change any moment, of course, but right now Nicaragua is in an enviable position in the region. That got me wondering: What is the regime in Managua doing right to avoid Trump’s wrath? What does it have that others don’t? Or, maybe, what does it not have? And what does Nicaragua’s absence from the conversation say about Trump’s bigger motives?

Current and former government officials and activists gave me a range of explanations, including that the regime is making smart moves on battling drug trafficking, that it’s benefiting from a lack of natural resources for Trump to covet and that it doesn’t have a slew of migrants in the U.S.

Taken together, their answers offer one of the strongest arguments yet that Trump’s actions in the Western Hemisphere or beyond are rarely about helping oppressed people and more about U.S. material interests.

“The lesson from Nicaragua is: Don’t matter too much, don’t embarrass Washington and don’t become a domestic political issue,” said Juan Gonzalez, a former Latin America aide to then-President Joe Biden. “For an administration that doesn’t care about democracy or human rights, that’s an effective survival strategy for authoritarians.”

Some Nicaraguan opposition leaders say they remain optimistic, and I can’t blame them. Trump is rarely consistent about anything. He’s threatening to bomb Iran right now because, he says, he stands with protesters fighting an unjust regime (albeit one with oil). So maybe he might direct some fury toward Nicaragua?

“The fact that Nicaragua is not at the center of the current conversation doesn’t mean that Nicaragua is irrelevant,” Felix Maradiaga, a Nicaraguan politician in exile, told me. “It means that the geopolitical interests of the U.S. right now are at a different place.”

Nicaragua is run by Daniel Ortega and Rosario Murillo, a husband and wife who take the term “power couple” somewhat literally. They are now co-presidents of the Central American nation of 7 million. Over the years, they’ve rigged elections, wrested control over other branches of the government and crushed the opposition, while apparently grooming their children to succeed them. It has been a strange and circular journey for a pair of one-time Sandinista revolutionaries who previously fought to bring down a dynastic dictatorship.

Hundreds of thousands of Nicaraguans have fled the impoverished country, some to the United States. Meanwhile, the regime has enhanced ties to Russia, China and other U.S. adversaries, while having rocky relations with Washington. Nicaragua is part of a free trade agreement with Washington, but it has also faced U.S. sanctions, tariffs and other penalties for oppressing its people, eroding democracy and having ties to Russia. Even the current Trump administration has used such measures against it, but the regime hasn’t buckled.

Nicaraguan officials I reached out to didn’t respond with a comment.

Several factors appear to make Nicaragua a lower priority for Trump.

Unlike Venezuela, Nicaragua isn’t a major source of oil, the natural resource Trump covets most. It has gold, but not enough of that or other minerals to truly stand out. (Although yes, I know, Trump loves gold.) It’s also not a major source of migrants to the U.S.

Besides, Trump has largely shut down the border. Unlike Panama, another country Trump has previously threatened, it doesn’t have a canal key to global commerce, although there’s occasional talk of building one.

Nicaragua may be placating the president and his team by taking moves to curb drug trafficking. At least, that’s what a White House official told me when I sought comment from the administration on why Nicaragua has not been a focus.

“Nicaragua is cooperating with us to stop drug trafficking and fight criminal elements in their territory,” the official said. I granted the White House official anonymity to discuss a sensitive national security issue.

It’s difficult to establish how this cooperation is happening, and the White House official didn’t offer details. In fact, there were reports last year of tensions between the two countries over the issue. A federal report in March said the U.S. “will terminate its Drug Enforcement Administration (DEA) operations in Nicaragua in 2025, partly due to the lack of cooperation from Nicaragua’s agencies.”

The DEA didn’t reply when I asked if it had followed up with that plan, but it’s possible the regime has become more helpful recently. The U.S. and Nicaragua’s cooperation on drugs has waxed and waned over the years.

In any case, although drug runners use Nicaraguan territory, it’s not a major cartel hub compared to some other countries facing Trump’s ire, such as Mexico.

Some Nicaraguan opposition activists have been hoping that U.S. legal moves against Venezuelan leader Nicolas Maduro would expose narcotrafficking links between Managua and Caracas, providing a reason for the U.S. to come down harder on the regime.

They’ve pointed to a 2020 U.S. criminal indictment of Maduro that mentioned Nicaragua.

But the latest indictment, unveiled upon Maduro’s Jan. 3 capture, doesn’t mention Nicaragua.

When I asked the White House official why the newer indictment doesn’t mention Nicaragua, the person merely insisted that “both indictments are valid.” A spokesperson for the Department of Justice declined to comment.

Nicaraguan opposition leaders say that although the new indictment doesn’t mention the country, they still hope it will come up during Maduro’s trial. My sense, though, is that Ortega and Murillo are cooperating just enough with the U.S. that the administration is willing to go easy on them for now.

It probably also doesn’t hurt that, despite railing frequently against Washington, Ortega and Murillo don’t openly antagonize Trump himself. They may have learned a lesson from watching how hard Trump has come down on Colombia’s president for taunting him.

Another reason Nicaragua isn’t getting much Trump attention? It is not a domestic political flashpoint in the U.S. Not, for example, the way Cuba has been for decades. The Cuban American community can move far more votes than the Nicaraguan American one.

Plus, none of the aides closest to Trump are known to be too obsessed with Nicaragua. Secretary of State Marco Rubio has long denounced the Nicaraguan regime, but he’s of Cuban descent and more focused on that island’s fate. Cuba’s regime also is more dependent on Venezuela than Nicaragua’s, making it an easier target.

Ortega and Murillo aren’t sucking up to Trump and striking deals with him like another area strongman, El Salvador’s Nayib Bukele. But, especially since the U.S. capture of Maduro, the pair seem bent on proving their anti-imperialist credentials without angering Trump. The results can be head-scratching.

For example, in recent days, the regime is reported to have detained around 60 people for celebrating Maduro’s capture. But around the same time, the regime also reportedly freed “tens” of prisoners, at least some of whom were critics of Ortega and Murillo. Those people were released after the U.S. embassy in the country called on Nicaragua to follow in Venezuela’s recent footsteps and release political prisoners. However, the regime is reported to have described the releases as a way to commemorate 19 years of its rule.

Alex Gray, a former senior National Security Council official in the first Trump administration, argued that one reason the president and his current team should care more about Nicaragua is its ties to U.S. adversaries such as Russia and China — ties that could grow if the U.S. ignores the Latin American country.

Russia in particular has a strong security relationship with the regime in Managua. China has significantly expanded its ties in recent years, though more in the economic space. Iran also has warm relations with Managua.

Nicaragua is the “poster child” for what Trump’s own National Security Strategy called the Trump Corollary to the Monroe Doctrine, which warns the U.S. will deny its adversaries the ability to meddle in the Western Hemisphere, Gray said.

The White House official said the administration is “very closely” monitoring Nicaragua’s cooperation with U.S. rivals.

But even that may not be enough for Trump to prioritize Nicaragua. Regardless of what his National Security Strategy says, Trump has a mixed record of standing up to Russia and China, and Nicaragua’s cooperation with them may not be as worrisome as that of a more strategically important country.

With Trump, who himself often acts authoritarian, many things must fall in place at the right moment for him to care or act, and Nicaraguan opposition activists haven’t solved that Rubik’s Cube.

Many are operating in exile. (In 2023, Ortega and Murillo put 222 imprisoned opposition activists on a plane to the U.S., then stripped them of their Nicaraguan citizenship. Many are now effectively stateless but vulnerable to Trump’s immigration crackdown.)

It’s not lost on these activists that Trump has left much of Maduro’s regime in place in Venezuela. It suggests Trump values stability over democracy, human rights or justice.

Some hope Ortega and Murillo will be weakened by the fall of their friend, Maduro. The two surely noticed how little Russia, China and others did to help the former leader. Maybe Nicaragua’s co-dictators will ease up on internal repression as one reaction.

“When you get this kind of pressure, there are things that get in motion,” said Juan Sebastian Chamorro, a Nicaraguan politician forced out of the country. “They are feeling the heat.”