Liberation Day Tariffs, Hegseth’s Asia Tour, and Le Pen Conviction Fallout

President Trump’s “Liberation Day” tariffs announcement on Thursday sent shockwaves through global markets and sparked promises of retaliation from both adversaries and allies. And earlier this week, US Defense Secretary Pete Hegseth’s visit to Asia signaled a shift in US military strategy, with key meetings in Japan and the Philippines that could reshape alliances in the region. Meanwhile, in France, the political landscape was thrown into chaos after Marie Le Pen was barred from running for office following a guilty verdict for embezzlement—an unprecedented ruling that raised questions about democracy and could redefine the country’s far-right movement. Suzanne Lynch, Ken Moriyasu, and Gideon Rachman join Ivo Daalder to unpack this week’s top global news stories on World Review.