If you accept the Trump/Bannon premises that we are engaged in a existential clash of civilizations with radical Islam, that trade deficits are inherently evil, and that culture and nationality must prevail over supposedly universal ideas inherent in liberal democracy, then it follows logically that Putin should be our ally, and that our erstwhile allies in Europe are really the enemy.
The problem is that Putin doesn’t really see the world that way. His objective is to weaken the US, not to fight Islam. He just makes opportunistic arguments to get his way.
And so, the ultimate outcome of this will be an isolated America, with Putin and Xi as its beneficiaries.