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.

  • Ensign_Crab@lemmy.world
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    5 hours ago

    His big worry is re-election, not the people this will hurt.

    I’m glad to see that people here aren’t reveling in looming economic disaster just because it might mean that their team gets to be in power.

  • Ledericas@lemm.ee
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    5 hours ago

    doesnt matter if you’re a reptilian that migrates to cancun to shed your skin.

  • ThotDragon@lemmy.blahaj.zone
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    9 hours ago

    His real name is Rafael. He doesn’t believe in preferred names.

    Also, only a literal bloodbath of republicans will suffice.

  • Nightwingdragon@lemmy.world
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    10 hours ago

    The people complaining are literally the only people with the power to actually do something about it.

    All of this could end tomorrow.

    I will guarantee you can get all Democrats on board with a bill that reclaims the power of levying tariffs as outlined in Article 1 of the Constitution. Reclaim the powers and nullify all tariffs that have been imposed by Trump since his inauguration. Even half of Republicans and all Democrats would be enough to cover the 2/3 in the Senate needed to override a Trump veto.

    That’s it. That’s all it would take and this whole thing would be over. But anyone in the GOP that is complaining about these tariffs while holding the power to actually do something about it isn’t actually complaining. It’s performance art. Don’t listen to what they say, look at how they vote. If they’re saying they’re against it while voting in favor of it, they’re lying to you.

    And these people are all lying to you. They will vote in lockstep when push comes to shove.

    • ExtantHuman@lemm.ee
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      45 minutes 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

    • ReallyActuallyFrankenstein@lemmynsfw.com
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      10 hours ago

      These republicans twice literally just had to say one word, “yes,” when the impeachment votes happened in the Senate, and Trump would never have had power over them (and us) again, like magic.

    • Ensign_Crab@lemmy.world
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      5 hours ago

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

      Why stop with trump’s tariffs?

    • usernamesAreTricky@lemmy.ml
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      10 hours 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

    • N0body@lemmy.dbzer0.com
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      10 hours ago

      If their masters tell them to vote against tariffs, they’ll do so. These politicians hold no actual power. They are the mouthpieces standing in front of the monsters who hold actual power. And they don’t give a shit about anyone or anything.

  • bean@lemmy.world
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    8 hours ago

    First. Fuck Ted Cruz. Second. It’s not just tariffs you fucking dumb cunt. It’s the whole toxic and traitorous Republican Party.

  • FuglyDuck@lemmy.world
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    10 hours ago

    Of course Ted fucking Cruz is concerned with getting reelected, not, you know; the whole horrific collapse of the stock market, wiping out the 401ks and retirement savings of any of his constituents who even had them.

    Or the financial harm that absolutely will translate into direct harm as people can’t afford to fucking eat.

    No no. It’s that the party that caused this fucking disaster won’t stay in power. That’s the real reason they need to act.

    • Ledericas@lemm.ee
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      5 hours ago

      and then the many trumpers that are dependant medicaid/care which Dr, snakesoilman will cutoff soon.

      • FuglyDuck@lemmy.world
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        2 hours ago

        That’s definitely next. But the tariffs are absolutely going to fuck people over.

        Then increased cost of food and other necessities is only the first part.

        The next is companies finding ways to skimp where they can. I.e. payroll. They’re going to lean up and dump “extraneous” employees. Maybe reduce staffing below redundancy and fuck coverage. Maybe reneg on promised raises. And closing down unprofitable stuff. Maybe move to using AI for ever increasingly stupid applications.

        The shockwave in the markets is only just beginning.

  • MCasq_qsaCJ_234@lemmy.zip
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    8 hours ago

    It seems we are going back to 1933 again, now all that is missing is a president like FDR and having three or four terms.

  • illegible@discuss.tchncs.de
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    8 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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      7 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 .

  • Substance_P@lemmy.world
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    11 hours ago

    Midterms? Not at this rate. I’m sure some fabricated emergency will spring up delaying such democratic luxuries.