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.

  • illegible@discuss.tchncs.de
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    10 hours ago

    I’m going to go devils advocate here… first Rand Paul, now Ted Cruz. When things break they’ll break quick, and as distasteful as both of these guys are, they’re not the dumb ones like Grassley, Bobert, or MTG. They smell something in the wind or they wouldn’t have the courage to speak out. Could we be witnessing the beginning of a schism?

    • nova_ad_vitum@lemmy.ca
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      9 hours ago

      Even if you’re right this movement is far from critical mass yet. I’m thinking at least one month will have to pass before there is enough pressure for Congress to even vote on taking back the tariff power .