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. Mr Trump, who previously claimed Mr Zelensky did not “hold the cards” for a military victory, is increasingly losing patience with Vladimir Putin, and his proposal for a Ukraine war shift marks a significant change in his position. His language was mimicked by Pete Hegseth, the US secretary of defence, who told a meeting of...