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He did not elaborate on the charges, but did say more corruption arrests will be coming at, quote, the highest levels.
Arce had been president of Bolivia since 2020.
The corruption allegations stem from his time as economy minister during the presidency of leftist leader Evo Morales, the country's first indigenous president.
Their supporters are calling the arrest political persecution and deny the former president did anything illegal.
When asked if a ground invasion of the South American country was an option, Trump said, quote, I don't rule out anything.
He also said there was a possibility he would talk to Venezuela's leader, NicolΓ‘s Maduro, directly and added, quote, we just have to take care of Venezuela.
In his weekly state television program, Maduro responded he too doesn't have a problem with talking.
Whoever wants to talk with Venezuela will talk face to face, Maduro says, without any problem.
military has amassed a large presence in the Caribbean with nearly a dozen naval warships and approximately 15,000 sailors and marines.
Carrie Khan, NPR News, Cucuta, Colombia.
President Trump isn't going, nor are the leaders of China, Russia or India.
The summit's overall goal, however, is still to get countries to stick to promises of lowering greenhouse gas emissions and limit global warming to 1.5 degrees Celsius.
But ahead of the summit, Brazil's President Luiz InΓ‘cio Lula da Silva warned leaders, quote, the window of opportunity we have to act is rapidly closing.
Urging more action from richer nations, Lula is pushing his tropical forest preservation plan.
He wants wealthier nations to pay poorer countries to protect their forests.
He also insisted the conference be held in the Amazon, despite the logistical challenges of housing some 50,000 participants in the small city of Belen.
Carrie Khan, NPR News, Rio de Janeiro.