Particle.news
Download on the App Store
3 ARTICLES
·
3w ago

Ted Cruz Criticizes Trump's Tariffs as Harmful to U.S. Consumers

The Texas senator, typically a Trump ally, warns of potential retaliatory trade measures and calls for the tariffs to be short-lived.

Chairman Sen. Ted Cruz (R-TX) delivers an opening statement as President and CEO of Boeing Kelly Ortberg prepares to testify before the Senate Commerce, Science, and Transportation Committee in the Dirksen Senate Office Building on April 02, 2025 in Washington, DC.

Overview

  • President Donald Trump's 'Liberation Day' tariffs, including a 10% baseline on all imports, officially took effect on April 2, 2025, sparking economic and political backlash.
  • Senator Ted Cruz publicly criticized the tariffs, calling them a 'tax on consumers' and expressing concerns about their economic impact on American households.
  • Cruz warned that retaliatory measures by trading partners could lead to higher global tariffs, which he described as a 'bad outcome for America.'
  • The senator expressed hope that the tariffs would be temporary and serve as leverage to reduce trade barriers worldwide, benefiting U.S. trade in the long term.
  • Larry Kudlow proposed using tariff revenue to fund middle-class tax cuts, an idea Cruz partially supported but rejected if it meant maintaining high tariffs indefinitely.