Leading US Republican Predicts Election 'Bloodbath'
Senator Ted Cruz has warned that the Republican Party could face significant losses in the upcoming midterm elections if the tariffs imposed by President Donald Trump negatively impact the economy. Cruz's comments came after Trump announced...
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Senator Ted Cruz has warned that the Republican Party could face significant losses in the upcoming midterm elections if the tariffs imposed by President Donald Trump negatively impact the economy.
Cruz's comments came after Trump announced extensive tariffs targeting most of the nation's trading partners, leading to a dramatic decline in the US stock market, the worst since the COVID-19 pandemic. In response, China has enacted a reciprocal 34% tariff on American goods, with other nations also threatening similar measures.
On his Verdict podcast on X, Cruz, a junior senator from Texas, expressed skepticism about the Trump administration's belief that the new tariffs would lead to "a booming economy." He raised concerns that these measures could instigate a global trade war, jeopardizing jobs domestically and causing substantial harm to the US economy.
Cruz cautioned that if this situation persists and leads the country into "a recession, particularly a bad recession," the 2026 midterms could likely result in severe repercussions for Republicans. He emphasized, “You would face a Democrat House, and you might even face a Democrat Senate,” explaining that during tough economic times, voters usually punish the party in power.
While Cruz hopes for the success of the tariffs, he believes that his notion of success diverges from that of the White House. He advocates for achieving "American prosperity" through substantial reductions of tariffs abroad, which would subsequently lower tariffs in the US.
In defense of his tariffs, Trump stated on his Truth Social platform that his "policies will never change" and encouraged foreign investors to come to the US to grow their wealth.
Following Trump's tariff announcement, JPMorgan increased its forecast of the likelihood of a global recession from 40% to 60%. JPMorgan's chief economist, Bruce Kasman, noted in a client memo titled "There will be blood" that the impact of these tariffs is likely to be amplified due to retaliation, a decline in US business sentiment, and disruptions in supply chains.
Emily Johnson for TROIB News
Cruz's comments came after Trump announced extensive tariffs targeting most of the nation's trading partners, leading to a dramatic decline in the US stock market, the worst since the COVID-19 pandemic. In response, China has enacted a reciprocal 34% tariff on American goods, with other nations also threatening similar measures.
On his Verdict podcast on X, Cruz, a junior senator from Texas, expressed skepticism about the Trump administration's belief that the new tariffs would lead to "a booming economy." He raised concerns that these measures could instigate a global trade war, jeopardizing jobs domestically and causing substantial harm to the US economy.
Cruz cautioned that if this situation persists and leads the country into "a recession, particularly a bad recession," the 2026 midterms could likely result in severe repercussions for Republicans. He emphasized, “You would face a Democrat House, and you might even face a Democrat Senate,” explaining that during tough economic times, voters usually punish the party in power.
While Cruz hopes for the success of the tariffs, he believes that his notion of success diverges from that of the White House. He advocates for achieving "American prosperity" through substantial reductions of tariffs abroad, which would subsequently lower tariffs in the US.
In defense of his tariffs, Trump stated on his Truth Social platform that his "policies will never change" and encouraged foreign investors to come to the US to grow their wealth.
Following Trump's tariff announcement, JPMorgan increased its forecast of the likelihood of a global recession from 40% to 60%. JPMorgan's chief economist, Bruce Kasman, noted in a client memo titled "There will be blood" that the impact of these tariffs is likely to be amplified due to retaliation, a decline in US business sentiment, and disruptions in supply chains.
Emily Johnson for TROIB News
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