'Bloodbath': Spooked Republicans Warn Trump Over US Tariffs [Barron's]
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The Republican leader has roiled Wall Street and the global economy with a radical plan announced last week to zero out trade deficits with every other nation by imposing sweeping, indiscriminate import tariffs. Lawmakers beset by constituents worried about investments and pensions have begun adding their voices to a growing clamor for Congress to reassert its power over the nation's purse strings and rein in the White House. The seeds of a rebellion sprouted in an unlikely corner as Senator Ted Cruz -- a staunch Trump loyalist -- warned of a jobs crunch and rising inflation that would threaten the Republican hold on Congress. "If we go into a recession, particularly a bad recession, 2026, in all likelihood politically, would be a bloodbath," he said on his Verdict podcast. Unlike previous economic convulsions, the current crisis is entirely self-inflicted. Trump claims he is merely correcting decades of supposed international trade abuses that have harmed the US economy, a
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