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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    17 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?

    • theneverfox@pawb.social
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      6 hours ago

      Yup. I phoned my friend just to say I called it too

      Musk spent 10s of millions on a state supreme Court election, like 10x the campaign spending of the other side, and lost

      If musk and Trump can’t influence elections, their threats of primarying anyone who steps out of line is empty. Their support won’t save their seats either

      People are so angry they can’t even appear in public without being screamed at… And what happens the next day? Trump destroyed the global economy single handedly and went golfing

      There’s some true believers… But mostly, Republicans are going to do what keeps them in power. And the Trump-Elon power couple isn’t it… Even the media has started to back away from propogandizing their actions

    • nova_ad_vitum@lemmy.ca
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      16 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 .