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.

  • barneypiccolo@lemm.ee
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    1 day ago

    If we give Cancun Ted the benefit of the doubt (something I am loathe to do for any MAGA Nazi), then perhaps he is truly warning HitlerPig of the electoral consequences of this economic folly.

    In reality, I am 100% positive that HitlerPig will hear it as a call to suspend the mid-term elections.

    • bradinutah@thelemmy.club
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      1 day ago

      Donvict Dementia is concerned with pleasing Daddy Vladdy and golfing. He cares not for Texas or Americans, Raphael.