On What Really Matters, Walter Russell Mead discusses the possibility of a recession, the new Chinese railway in Africa, and how Donald Trump鈥檚 approach to Vladimir Putin compares with Franklin D. Roosevelt鈥檚 to Joseph Stalin and Richard Nixon鈥檚 to Leonid Brezhnev.

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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)