President Trump’s Ukraine Policy: The Art of the Deal

When President Trump was running for election in 2024, he said he’d end the war in Ukraine within 24 hours of taking office. That hasn’t happened. Lately, he’s called Ukraine President Zelensky a dictator and even blamed him for starting the war with Russia. It seems he’s tilting toward Russia in his attempt to negotiate an end to the war.

President Trump wants a personal victory in that dispute, and for him, a victory would be the end of the war. It matters little to him whether the war ends with Russia pulling out and leaving Ukraine with its old boundaries, or with Russia taking full control of Ukraine, or something in between. He isn’t taking Russia’s side, or Ukraine’s side. He wants a win for himself.

At least some of his recent negative comments about Ukraine were intended to lower Zelensky’s expectations about the war’s outcome. That’s the art of the deal. Push for a hard bargain that gives negotiators much less than they would expect so that you can make concessions to make everyone feel like they got a good deal.

If Putin thinks the war could go on forever, it will put more strain on the Russian economy and cause unrest at home. He may also worry that Russia will have to pull out without gaining land. At the same time, Zelensky may fear that Ukraine could lose all the territory that Russia claims. Because of these concerns, there is a chance for both sides to negotiate a deal that is better than these outcomes.

Meanwhile, President Trump wants to declare a victory by seeing the war end, regardless of its outcome. He has repeatedly stated his goal of ending the war and never stated what he thought would be a just outcome.

From a foreign policy standpoint, President Trump may be leaning toward Russia to strengthen Russia’s ties to the US and weaken the bond between Russia and China. But that may not be realistic, especially because everyone—including President Trump—knows that four years from now, someone else will be residing in the White House.

The big problem with allowing Russia to keep any of the occupied territories is that it sends a message to Putin that he can use the Russian military to take territory from other sovereign nations, but President Trump apparently does not see it this way.

The best outcome from the standpoint of global security would be for NATO to agree that Ukraine can never join in exchange for Russia agreeing to Ukraine’s original boundaries. That may be a tough sell, but President Trump, the deal-maker, could make it appear to be a victory for both sides.

The bottom line: President Trump wants a deal, and when it happens, he will declare it a victory for himself, regardless of the terms of the deal.

Randall G. Holcombe is a Senior Fellow at the Independent Institute, the DeVoe Moore Professor of Economics at Florida State University, and author of the Independent Institute book Liberty in Peril: Democracy and Power in American History.
Beacon Posts by Randall G. Holcombe | Full Biography and Publications
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