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.

  • usernamesAreTricky@lemmy.ml
    261·
    1 day ago

    Dems actually did introduce a bill to do essentially that in the Senate for tarrifs on Canada. It passed 51-48 with only 4 republicans breaking rank. Notably in this case, Ted Cruz voted against that bill

    I should note it’s unlikely Mike Johnson will ever put it up for a vote in the house. If he did and it passed, it will likely get vetoed. Without more republicans breaking rank it’s not going to be able to get to the 2/3 of congress needed to veto override

    Need to see more republicans with spines for this bill to get through

    https://www.senate.gov/legislative/LIS/roll_call_votes/vote1191/vote_119_1_00160.htm