US Senator Ted Cruz has expressed concerns over President Trump’s plan to increase tariffs, warning it could lead to a devastating economic downturn and potentially cost Republicans control of the midterms in 2026. The move is expected to drive up inflation and destabilize markets, according to Cruz. He fears this could enable Democrats to regain power in Congress, including possibly flipping the Senate.
Source: https://www.bloomberg.com/news/articles/2025-04-04/cruz-warns-tariffs-risk-sparking-gop-wipeout-in-2026-elections