Trump plans victory fund for Ukraine
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Thursday, 16 October, 2025, 12:04
Donald Trump is working on establishing a Ukraine victory fund which will be bankrolled by fresh tariffs on China.
The US president instructed Scott Bessent, his treasury secretary, to float the plan to European counterparts ahead of Volodymyr Zelensky’s visit to Washington DC on Friday.
The strategy would introduce a 500 per cent levy on imports from China, with the money generated being used on weapons for Ukraine’s military.
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