Trump plans Ukraine victory fund financed by China tariffs – The Telegraph
Trump establishing Ukraine victory fund financed through China tariffs (Illustrative photo: Getty Images)
Donald Trump is initiating the creation of a fund to support Ukraine through new tariffs on China, seeking to increase pressure on Moscow and accelerate a diplomatic resolution of the conflict, The Telegraph reports.
US President Donald Trump instructed the Secretary of the Treasury to discuss with European allies a plan to create a Ukraine victory fund, financed by increased tariffs on imports from China.
This initiative aims to prepare the ground for Ukrainian President Volodymyr Zelenskyy's visit to Washington on October 17 and to support Kyiv amid the fourth year of the full-scale war.
Shift in the US administration's position
Earlier, Trump claimed that Ukraine lacked sufficient leverage to win. Still, now the American leader is expressing growing dissatisfaction with the Kremlin's actions and proposing a new approach to the conflict.
Support for Ukraine has become a key element of the US strategy to pressure Moscow, including the potential supply of long-range Tomahawk missiles and financial backing for the country's defense.
Economic pressure on the Kremlin
According to the announced strategy, the United States plans to impose a 500% tariff on imports from China, with the proceeds directed toward arming the Ukrainian military.
This move is intended to limit China's support for Russia's war machine and push President Putin to the negotiating table with Trump and Zelenskyy.
Reaction of European allies
Although NATO has officially labeled Beijing as a key enabler of Russia's war, many European countries, including the United Kingdom, do not view China as a direct adversary.
The introduction of such tariffs would require the consent and participation of US allies, a crucial condition for the plan's successful implementation.
US President Donald Trump plans to speak with Ukrainian President Volodymyr Zelenskyy on October 17, during which one topic will be Ukraine's potential intention to launch a new offensive along the front line.
The upcoming meeting between Ukrainian President Volodymyr Zelenskyy and US President Donald Trump, scheduled for October 17, is expected to be substantial and could play a key role in advancing toward an end to the war in Ukraine. Kyiv has already prepared draft documents on military and economic issues for discussion.
