Ted Cruz Warns Tariffs Risk Sparking GOP Wipeout 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.