Politico reports:
Senate Commerce Chair Ted Cruz is warning about major risks for the American economy and its automotive industry thanks to President Donald Trump’s trade war, saying it could result in the biggest tax hike in a “long, long time.” “I’m seeing a lot of Republican cheerleaders reflexively defending what the White House is doing,” Cruz said on his podcast Friday, but cautioned the administration’s latest actions could “hurt jobs and hurt America.”
He went on to say that if countries respond with reciprocal tariffs — which some like China already have — while Trump’s tariffs remain in place, that could be “terrible for America.” Cruz continued, “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.”
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Ted Cruz warns Trump tariffs could be ‘terrible for America’ https://t.co/KlWESoiyEY
— POLITICO (@politico) April 4, 2025