Today in the newsletter: Fertilizer prices are crushing rural farmers. Also, attacks on Gulf state aluminum smelters leave America exposed.
America and the World
The Tariff Refund Nightmare
In principle, Americans are owed $166 billion in refunds of Trump’s illegal tariffs. But actually collecting is like unscrambling an egg.
Trump Sabotages His Own Much-Exaggerated Iran Deal
Did the president screw up a possible agreement with his own impulsivity? Or was the imminent deal that he touted on Friday an illusion all along?
Will Americans Keep Paying a ‘Tariff Tax’?
Companies are seeking refunds from the federal government following the Supreme Court ruling—but consumers may still be stuck with higher prices.
Aftermath: How the War Might Cancel Your Flight
In today’s newsletter: Higher aviation travel prices and even mass cancellations are imminent. Also, China is a big winner and loser from the war.
Out of the Chaos, a Green Future?
Today on Aftermath: How the war in Iran may lead to a boost in renewable energy
A Really Bad Week for the Global Right
And what is it about Christian nationalism that looks to produce kleptocratic regimes?
Trump’s Kiss of Life
Canada’s Mark Carney, Denmark’s Mette Frederiksen, and maybe even Britain’s Keir Starmer can thank Trump for reviving their sagging fortunes. Viktor Orbán, not so much.
Israel and the Cease-Fire
Will Bibi Netanyahu manage to keep the war going, or will Trump finally appreciate that U.S. interests and Bibi’s are far from identical?
Marcus Foundation Bankrolls Pro–Iran War Group
A foundation associated with Home Depot has been the biggest funder of one of the loudest voices for war against Iran.

