U.S. Senator Ted Cruz, a longtime Republican ally of former President Donald Trump, is sounding the alarm over Trump's tariff policies, warning they could backfire and trigger the 'most dramatic tax hike in a long, long time.' 🌍💸
'A Terrible Outcome' for America?
Cruz, chair of the Senate Commerce Committee, warned Friday that if global tariffs escalate—with other countries slapping reciprocal taxes on U.S. goods—the result could be a recession-level disaster. 🛑 While he called Trump his 'strongest supporter,' Cruz made it clear: 'I am not a fan of tariffs.'
One major U.S. car company told Cruz that average vehicle prices could spike by $4,500 as early as June due to supply-chain delays. 🚗💨 'Foreign automakers might actually benefit more,' Cruz added, explaining that domestic manufacturers face tariffs on multiple imported parts, while foreign rivals might only pay once.
2026 Midterm 'Bloodbath'?
The Texas senator didn't sugarcoat the political stakes either. If tariffs lead to a recession, Cruz predicts a GOP 'bloodbath' in the 2026 midterm elections. 📉 Meanwhile, Politico reports some Republicans are pushing new bills to let Congress rein in presidential tariff powers—a sign of growing unease within the party.
Will Trump's trade tactics drive economic chaos or force global compromises? Cruz says the next 30–90 days could decide. ⏳
