On What Really Matters, Walter Russell Mead discusses the administration’s seizure of a Venezuelan oil tanker, the hidden and rising costs of healthcare premiums, China’s energy future, and the implications that President Donald Trump’s new National Security Strategy will have for China, Russia, Europe, and the GOP.
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An oil tanker is being unloaded with imported crude oil at the Qingdao Port Oil Terminal in Shandong Province, China on April 7, 2026. (Getty Images)