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This is our look at President-elect Donald Trump's transition and the outgoing Obama administration. Here's what's happening:

Obama to anxious world: Give Trump time

President Obama, continuing what has become a tour of explanation through Europe and now South America, advised people around the world not to prejudge President-elect Donald Trump.

"I think it will be important for everybody around the world to not make immediate judgments, but give this new president-elect a chance," Obama said at a town hall-style event with young Latin American leaders here.

The president, in responding to a question about the state of democracy in the region, said that open and transparent governments like America's "can be frustrating." 

"The outcomes of elections don't always turn out the way you hope," he said to laughter. 

He said democratic government means more than holding elections, but also respecting free press, the freedom of religion, and protecting the rights of minorities.

On the first two stops of his foreign trip, in Greece and Germany, Obama was primarily addressing the U.S. election result to fellow world leaders. Here, he did so to an audience of hundreds of young leaders from throughout the region.

In response to a question from one attendee, Obama said he did not expect major changes in U.S. policy toward the Americas under a Trump administration. One exception he allowed was a key one to him, though: trade. 

As he faces the uncertain future of the Trans-Pacific Partnership, the 12-nation trade deal he made a top priority, Obama expressed some hope that the new president might reconsider his campaign pledge to reevaluate trade deals in general.

"Once they look at how it's working, I think they'll actually determine that it's working," he said.

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