On What Really Matters, Walter Russell Mead discusses the declining fortunes of young men in America, the Trump-China trade truce, Qatari cash in Washington, and President Donald Trump’s visit to the Middle East.

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A Mexican National Guard officer stands guard on a pickup truck during a vehicle check heading to the United States at the San Ysidro Port of Entry crossing in Tijuana, Baja California, Mexico, on February 6, 2025. (Getty Images)