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I think the main change will be that the US won't give weapons by herself directly to Ukraine. All the shipments will be handed to the rest of the countries and they do with 'em whatever they want, equip themselves or pass it on to Ukraine.
How I see it it's a deal between the US and EU with some addition like UK. Trump wants to change the trade balance of the US with everyone essentially. The US had one of the shittiest trade balance against the world, they literally were buying from everyone (probably they still do mostly), they import more than they export. This is why he started to impose on tariffs on whoever, to control the trade flow. Btw DPA has a trade balance map on his site.
I think the US made a deal with Europe that they won't tariff them, but they have to buy more. So they told NATO, that they have to raise military spending to 5%, which is huge, 2,5 times more than 2%. This money has to be spent so the US can sell them weapons, huge amount of it, correcting the trade balance.

> Secondary sanctions could hurt Russia a lot.
If India stops buying their oil it can. India buys crude and either they resell it as it is to Germany and such, or refine it and then sell it to Germany and such. They want India stop doing that.
It seems they try to target BRICKS countries. I wonder if the US just pushes them together more, like how they pushed Russia into China's open arms.