Donald Trump is preparing a Ukraine Victory Fund financed by a 500% tariff on Chinese imports, reports The Telegraph.
Revenue would go to Ukraine’s defense as Kyiv says it needs $120B annually to sustain its army.
Tomahawk missiles are also under discussion.
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Revenue would go to Ukraine’s defense as Kyiv says it needs $120B annually to sustain its army.
Tomahawk missiles are also under discussion.
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The plan, crafted by Treasury Secretary Scott Bessent, redirects tariff income from Chinese goods toward Ukraine’s military.
“It could be a ‘Russian oil tariff’ or a ‘Ukrainian victory tariff,’” Bessent said. “We will respond if our European allies join us.”
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“It could be a ‘Russian oil tariff’ or a ‘Ukrainian victory tariff,’” Bessent said. “We will respond if our European allies join us.”
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Trump wants to raise the cost for both Beijing and Moscow while avoiding direct U.S. mobilization.
Parliamentary allies in Europe are reviewing the idea as part of a new joint financial framework to keep Ukraine’s army supplied into 2026.
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Parliamentary allies in Europe are reviewing the idea as part of a new joint financial framework to keep Ukraine’s army supplied into 2026.
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The shift marks a major change in Trump’s stance.
He once said Zelensky “did not hold the cards for victory.”
Now he’s losing patience with Putin and is considering arming Ukraine “in ways only the U.S. can do”.
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He once said Zelensky “did not hold the cards for victory.”
Now he’s losing patience with Putin and is considering arming Ukraine “in ways only the U.S. can do”.
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Trump is also weighing the transfer of Tomahawk cruise missiles to Ukraine — giving Kyiv the ability to hit Russian targets deep behind the front lines for the first time.
NATO discussions focused on delivery and training timelines.
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NATO discussions focused on delivery and training timelines.
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Hegseth: “Peace comes through strength. You get peace when you have real capabilities that adversaries respect — not when you wag your finger.”
He confirmed the U.S. War Department is “ready to act if Russia refuses peace.”
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He confirmed the U.S. War Department is “ready to act if Russia refuses peace.”
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European allies back the proposal in principle but admit the final call lies with Trump.
If approved, the fund and missile program would be financed through NATO’s Purl scheme — U.S. weapons paid for by European governments.
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If approved, the fund and missile program would be financed through NATO’s Purl scheme — U.S. weapons paid for by European governments.
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For Kyiv, the stakes are enormous.
Ukraine’s Defence Ministry Denys Shmyhal says the country needs $120B per year to maintain its defense.
If Trump’s tariff fund moves forward, it could become the largest Western effort yet to secure Ukraine’s victory.
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Ukraine’s Defence Ministry Denys Shmyhal says the country needs $120B per year to maintain its defense.
If Trump’s tariff fund moves forward, it could become the largest Western effort yet to secure Ukraine’s victory.
8Х
Source: telegraph.co.uk/us/news/2025/1…
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