Ted Cruz Warns Trump Tariffs Could Lead To a 'Bloodbath' For Republicans In Midterm Elections
www.latintimes.com
Ted Cruz warned that Trump's tariffs pose "enormous risks" to the U.S. economy and could be catastrophic for the GOP's electoral prospects next year

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.

    • ExtantHuman@lemm.ee
      5·
      9 months ago

      There’s a bipartisan bill in the Senate right now to force the tariffs to expire after 60 days if not approved by Congress. So they’re at least putting on a show of doing something. It mentioned it on the blurb up top

    • Ensign_Crab@lemmy.worldBanned from communityEnglish
      3·
      9 months ago

      Reclaim the powers and nullify all tariffs that have been imposed by Trump since his inauguration.

      Why stop with trump’s tariffs?