On April 5th, Republican Senator Ted Cruz, who has always strongly supported Trump, issued a warning against the US government’s move to increase tariffs, stating that it would pose “huge risks” to the US economy and could lead to a “disastrous defeat” for the Republican Party in next year’s midterm elections. Cruz stated in a podcast program released on Friday that long-term trade tariffs will push up inflation and have a serious impact on the market. The related economic consequences may help the Democratic Party regain control of the House of Representatives and even potentially win a majority in the Senate, although the probability is small.
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