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People from Portugal are Portuguese.
Portuguese.
The part of the New World where Spanish and Portuguese are spoken is typically referred to as Latin America. This region includes countries in Central and South America where these languages are widely spoken due to the historical influence of Spanish and Portuguese colonization.
Spanish and Portuguese.
Portuguese
European / White Caucasian Don't mistake for Hispanic / Mexican.
País, ou Nação.
People in Central America do not speak Portuguese; they predominantly speak Spanish. Portuguese is spoken in Brazil, which is in South America. The confusion may arise from the fact that both Portuguese and Spanish are Romance languages and share some similarities.
Portuguese people are known as Lusitans ("Lusitanos" in Portuguese). That's why there is for instance a news agency in Portugal called Lusa, or Portuguese people in America are called Luso-Americans, or why a famous portuguese horse breed is called Lusitan horse.
People from Portugal are called "Portuguese"
Peninsulares: the ruling class in colonial Latin America consisting of native born Spaniards and PortugueseCreoles: people of Spanish or Portuguese descent born in Latin America
I think you're confusing Latin America with South America. Most people speak Spanish or Portuguese in South America because Spain and Portugal invaded and colonized the region.However, most people of "Latin" America speak either Spanish or Portuguese because that's pretty much the definition of Latin America: any American country where a Romance language is spoken, such as Spanish or Portuguese.