On the menu today: Regarding the war, President Donald Trump says to the Ukrainians, “You should have never started it!” Somewhere in Moscow, Vladimir Putin must be grinning from ear to ear.

There are three arenas where consequential new policies are in play, and it remains possible within each for widely varied budgetary effects to emerge. 

At the start of this week, Marco Rubio was proud to announce that his first foreign tour as secretary of state had already yielded positive results: The president of Panama said that his country would not renew its participation in China’s infrastructure loan program, known as the Belt and Road Initiative, and could even end its dependence on the Chinese program early.