Cruz: Trump's tariffs could have terrible outcome
United States Senate Commerce Committee Chair Ted Cruz expressed concerns over the latest tariffs imposed by US President Donald Trump, saying that he is "not a fan."
"If we're in a scenario 30 days from now, 60 days from now, 90 days from now, with massive American tariffs, and massive tariffs on American goods in every other country on earth, that is a terrible outcome," Cruz stated in his podcast released on Friday, expressing concerns about other countries retaliating against Washington.
Cruz, who ran against Trump in 2016 GOP primaries but then endorsed him ahead of the 2024 election, warned that Republicans could suffer in the 2026 midterms as a result of the tariffs and their impact on the economy. "If we go into a recession, particularly a bad recession, 2026 in all likelihood, politically would be a bloodbath," he pointed out.