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.

Caption
Defense Secretary Pete Hegseth greets Supreme Allied Commander Europe General Christopher Cavoli before the North Atlantic Council meeting of defense ministers on February 13, 2025, in Brussels, Belgium. (Omar Havana via Getty Images)