On What Really Matters, Walter Russell Mead discusses Donald Trump鈥檚 take-it-or-leave-it Ukraine deal, why he walked back threats against China and the Federal Reserve, what the terror attack in Kashmir means for Narendra Modi鈥檚 India, and the legacy of Pope Francis.

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The logo of Japan's largest steel manufacturer Nippon Steel corporation is seen in front of the company's head office in Tokyo on January 7, 2025. (David Marueil/ via Getty Images)