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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Arleigh Burke–class guided-missile destroyer USS Chafee (DDG 90) sails in formation during the Rim of the Pacific (RIMPAC) exercise on July 28, 2022. (DVIDS)