Donald Trump is now an unpopular president. Some of this dissatisfaction is due to the war in Iran. Some of it springs from the unanticipated speed, chaos, and perceived brutality of several of his administration’s actions over the past year and a half. But a significant part of his political problem has a straightforward economic explanation: Everything feels expensive, and his tariffs are a major reason why. If the president wants to help himself and his party ahead of this year’s midterm elections, the most effective thing he can do is eliminate the tariffs. The evidence in favor of this…

In brief Terraform Labs’ administrator has alleged in an amended complaint that Jane Street used a secret Telegram chat to receive insider information from Terraform employees before Terra’s collapse. The complaint claims Jane Street dumped its entire $192 million TerraUSD position on May 7, 2022, hours before the stablecoin lost its peg. The alleged trades came ahead of the $40 billion Terra implosion, which later sparked a broader crypto contagion, leading to bankruptcy for multiple firms. Terraform Labs administrator Todd Snyder has alleged in an amended complaint filed Monday that Jane Street traders used a private chat to obtain insider…

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