I don't think Trump withdrawal from NATO is likely at this stage, but there is a very real risk that Trump blames Ukraine & Europe for a failure of diplomacy. Avoids needs to apply pressure to Russia, aids normalisation w/ Russia, allows him to abandon Ukraine with 'less blame' for consequences.
Reposted from Hein Goemans
Next potential steps: Trump will blame Ukr and Europe for a no-deal. He will claim they are against peace. And will use this to withdraw at least partly from NATO. A more miraculous rise from the ashes by a defeated power than the death of Empress Elizabeth of Russia in 1762.

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