The Weekly Worldview

Under Trump, the US Has Not Gone Soft on China or Russia

February 16, 2026
Alexander van Wijnen
Investment Strategist

The second Trump presidency has fueled a widespread belief in Europe that Washington has gone soft on China and Russia. But the data tells a different story. US arms sales to Taiwan have accelerated dramatically from a record $11 billion in 2025 to a rumored $20 billion package for 2026. Meanwhile, US sanctions on Russia's two largest oil companies, Rosneft and Lukoil, triggered in October 2025 a collapse in Russian energy revenue to its lowest point in five years, directly threatening the stability of Moscow's war economy.

As US sanctions on Russian oil companies threaten the Russian war economy, record-high US arms sales to Taiwan put pressure on China

Sources: Bloomberg; US-Taiwan Business Council; The Financial Times

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