Cruz Warns Trump: Guard Your Inner Circle From Tariff Fallout
- Stay updated on the ongoing escalation of Trump's trade war through the US politics live blog.
Texas Senator Ted Cruz has made it clear he isn't a supporter of tariffs, and he delivered a stark warning to President Donald Trump As the trade conflict intensifies.
The GOP legislator stated that the president has the potential for an unprecedented economic success within the United States, yet he also issued a cautionary remark.
He stated that within the administration, there are individuals advocating for keeping tariffs as a lasting element of the economic landscape instead of pursuing an agreement.
'I believe that would be an error,' Cruz said additionally.
He cautioned that if after one year, America’s trade allies increase the costs of U.S. goods substantially due to tariffs imposed by the United States, this situation could negatively impact the nation.
Cruz encouraged Trump to make deals and reduce tariffs across the board, as he said the president suggested during his initial term.
The fiery Texan and supporter of Trump shared his thoughts during a collective discussion with other Republican senators. Fox News ' Hannity Tuesday night.
"If the future entails persistently high tariffs imposed by America along with ongoing or potentially even higher tariffs from our trade partners indefinitely, this would be an extremely unfavorable result," he reiterated to a gathering of journalists on Wednesday. Capitol Hill.

Cruz's evaluation follows an intensifying dispute among officials within the Trump administration regarding tariffs, which has become publicly exposed.
As Trump’s tariffs came into force, China, the EU, and several other nations responded with their own counter-tariffs. Additionally, approximately 70 countries have sought to negotiate new agreements amidst these developments.
The Texas senator said if Trump's tariffs lead to deals in the next few months that lower trade barriers, improve market access and reduce tariffs, it's a great outcome.
Cruz is among several Republican senators who have voiced reservations about Trump's tariff proposal.
His comments echoed a cautionary statement from his Verdict podcast earlier this week, wherein he mentioned that several individuals within the administration desire these tariffs to persist for many years ahead.
Cruz contended that they believe tariffs should serve as the primary means of generating income for the federal government.
The senator pondered the extent to which the tariffs are employed as bargaining chips to secure agreements with other nations and how significantly they contribute to boosting governmental revenue.
Cruz acknowledged assertions that the tariffs might eliminate the income tax, however, he highlighted that presently, tariffs coexist with the income tax.
'Adding even more taxes would be quite substantial,' he contended, pointing out that nobody seems to suggest eliminating the income tax altogether.
"If the result of these tariffs includes extremely high import taxes imposed globally on all U.S. products and equally steep duties levied by America on items coming from every other nation around the world, this situation will severely harm both Texas and the United States," he cautioned.
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