Ted Cruz Highlights Significant Dangers to U.S. Economy from Trump's Tariffs
Ted Cruz issues a caution regarding significant threats facing the United States.
TroibNews 
Ted Cruz, the Chairman of the U.S. Senate Commerce Committee and a seasoned Republican from Texas, cautioned on Friday that if nations and regions worldwide implement reciprocal tariffs while President Donald Trump's tariffs remain in effect, it could be "terrible for America" and lead to the most significant tax increase in a "long, long time."
Although he identifies as Trump's "strongest supporter" in the U.S. Senate, Cruz expressed that he is "not a fan" of tariffs.
Cruz remarked that if countries and regions worldwide acquiesce to Trump's actions, that could be "great," but he cautioned, "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."
He shared that on Thursday night, he spoke with one of the "Big Three" U.S. automakers—GM, Ford, and Chrysler—which indicated that the tariffs could increase the average price of their vehicles by $4,500 as soon as June due to supply chain delays.
"This U.S. car company told me they actually thought foreign car companies would benefit more than they would, because if you send it over here, you pay one tariff, whereas these guys are getting hit on each part that is going over," he explained.
Cruz added, "If we go into a recession, particularly a bad recession, 2026 in all likelihood, politically would be a bloodbath," commenting on the Republican Party's prospects in the 2026 midterm elections.
Some Republicans are beginning to express interest in legislation that would strengthen Congress' authority to approve future tariffs, according to a report from PMG.
Allen M Lee for TROIB News
Although he identifies as Trump's "strongest supporter" in the U.S. Senate, Cruz expressed that he is "not a fan" of tariffs.
Cruz remarked that if countries and regions worldwide acquiesce to Trump's actions, that could be "great," but he cautioned, "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."
He shared that on Thursday night, he spoke with one of the "Big Three" U.S. automakers—GM, Ford, and Chrysler—which indicated that the tariffs could increase the average price of their vehicles by $4,500 as soon as June due to supply chain delays.
"This U.S. car company told me they actually thought foreign car companies would benefit more than they would, because if you send it over here, you pay one tariff, whereas these guys are getting hit on each part that is going over," he explained.
Cruz added, "If we go into a recession, particularly a bad recession, 2026 in all likelihood, politically would be a bloodbath," commenting on the Republican Party's prospects in the 2026 midterm elections.
Some Republicans are beginning to express interest in legislation that would strengthen Congress' authority to approve future tariffs, according to a report from PMG.
Allen M Lee for TROIB News
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