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.

  • Nightwingdragon@lemmy.world
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    1 month 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.

    • Ensign_Crab@lemmy.world
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      1 month ago

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

      Why stop with trump’s tariffs?

    • jjjalljs@ttrpg.network
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      1 month ago

      Republicans, and authoritarians more generally, value group solidarity more than anything else. They are in a very real and very important sense stupid, bad, people.

  • Ensign_Crab@lemmy.world
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    1 month 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.

  • FuglyDuck@lemmy.world
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    1 month 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.

  • inclementimmigrant@lemmy.world
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    1 month ago

    Again, Republicans are worried about their own jobs and power, not about any of the problems of the working American family, the average white fucking American family that voted for this btw.

  • bean@lemmy.world
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    1 month ago

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

  • Substance_P@lemmy.world
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    1 month ago

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

    • ArtVandelay@lemmy.world
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      1 month ago

      I’m imagining Trump’s tariffs as them taking the lid off the ark of the covenant, let’s hope it does to all the other Republican Nazis today what it did to the Nazis then.

  • jimjam5@lemmy.world
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    1 month ago

    Can’t wait until the day he, Paxton, and Abbott are gone for good from Texas. We need more like Jasmine Crockett to fill the void once those fuckers are ate.

  • Libra00@lemmy.world
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    1 month ago

    Nuuu, you can’t sabotage the midterms yet, Cruz isn’t running for election again until 2030. It’s the only way us Texas lefties are ever getting rid of him.