On What Really Matters, Walter Russell Mead discusses the effect of President Donald Trump’s tariffs on Russia’s economy, Prime Minister Benjamin Netanyahu’s visit to the White House, and how tariffs are concentrating power in President Trump’s hands.
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US Secretary of War Pete Hegseth and Japan’s Minister of Defense Shinjiro Koizumi inspect a guard of honor on October 29, 2025 in Tokyo, Japan. (Getty Images)