Summary

Ted Cruz warned that Trump’s tariffs could trigger a GOP “bloodbath” in the 2026 midterms, citing inflation and market fallout as major risks.

On his Verdict podcast, Cruz criticized tariffs as taxes on consumers and urged they be short-lived.

The S&P 500 and Nasdaq 100 plunged nearly 10% over two days. Senator Rand Paul and others echoed concerns, with Paul warning tariffs could add $5,000–$15,000 to car prices.

Senator Chuck Grassley has introduced a bill requiring congressional approval of tariffs within 60 days or automatic expiration.

  • BigMacHole@lemm.ee
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    13 days ago

    It’s a Good Thing these Same Republicans DID and ARE DOING Literally NOTHING to Stop these Tariffs that they are Calling DISASTROUS! Oh Well! At least we can rely on Chuck Schumer’s DEMOCRATS to. . .Also Do Nothing to Stop these DISASTROUS Tariffs!

    • Ledericas@lemm.ee
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      13 days ago

      they want someone else to do it, so they can claim credit for it, thier supporters are very simple minded people.