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.
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