On What Really Matters, Walter Russell Mead discusses the effect of President Donald Trump鈥檚 tariffs on Russia鈥檚 economy, Prime Minister Benjamin Netanyahu鈥檚 visit to the White House, and how tariffs are concentrating power in President Trump鈥檚 hands.

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US President Donald Trump reacts after signing executive orders imposing tariffs on imported goods in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Andrew Harnik via Getty Images)