Ted Cruz sounds a potential bloodbath tariff alarm. But how did he vote?
Concern Over Republican Bloodbath in Midterm Elections
Bloomberg reports Ted Cruz Concerned of GOP Bloodbath in 2026 Elections.
Senator Ted Cruz, usually a staunch supporter of President Donald Trump, sounded the alarm on the administration’s move to ramp up tariffs, saying they pose “enormous risks” to the US economy and make Republicans vulnerable to a “bloodbath” in next year’s midterm elections.
Long-term trade duties would drive up inflation and wreak havoc on markets, Cruz said on his podcast, which was released Friday as a deep selloff hammered US stocks for the second straight day. The economic fallout could help Democrats reclaim the House of Representatives and possibly even flip the Senate, although that’s less likely, he said.
“It would destroy jobs here at home and do real damage to the US economy if we had tariffs everywhere,” said the Texas Republican.
Oil, another key Texas industry, plummeted Thursday after the Organization of the Petroleum Exporting Countries and its allies agreed to a larger-than-expected supply increase. Oil sank further on Friday amid worries that economic weakness will cause demand to slow.
Cruz specifically called out the risk to the automobile industry, which relies heavily on trade across the Texas border with Mexico. He said an executive from a major automaker told him the tariffs would prompt a $4,500 increase in the average price of the company’s vehicles, probably starting in June.
Cruz on the Sidelines
Q: Did Cruz co-sponsor Senator Grassley’s Tariff bill?
A: No, but he’s thinking about it.
Q: Did Cruz vote to end Trump’s Emergency call on Mexico and Canada?
A: No, and it appears he didn’t even think about it.
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Scorecard
The Senator sounding the biggest alarm by far, stood back and did nothing when it came to a vote and co-sponsorship of Grassley’s bill.