Sen. Ted Cruz (R-TX) said that he hopes President Trump’s tariffs work as leverage to get other countries to quickly lower trade barriers, but he sees big risks for jobs and inflation, the Wall Street Journal reports.
Said Cruz: “This is throwing a long ball deep into the end zone.”
He added: “This is the biggest tax increase we have seen in a long, long time.
If we go into a recession, particularly a bad recession, 2026, in all likelihood politically, would be a bloodbath.”