European governments US Treasuries: European governments are considering a radical economic strategy by possibly selling off US Treasury bonds to counter a feared Trump-Putin agreement that could jeopardize Ukraine's security. This unprecedented response could trigger a financial crisis in the US and severely impact the global economy.
Exactly, it’s far more likely that the US dumps Europe than the other way around. I think the US would be very happy if the EU fell apart because then they’d be negotiating with individual countries from a position of absolute power. And the recent policy paper kinds of spells this out https://www.whitehouse.gov/wp-content/uploads/2025/12/2025-National-Security-Strategy.pdf