Sen. Ted Cruz (R-TX) warned that U.S. consumers could suffer if President Donald Trump’s tariff plan doesn’t go as the White House hopes.
During a Thursday interview with Fox Business Network’s Larry Kudlow, the news host pitched a plan to give back to taxpayers revenue from Trump’s tariffs. The proposed “tariff dividend,” Kudlow suggested, could bring “gigantic” gains for taxpayers “out 10 years.”
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Cruz pushed back on the idea that tariffs could continue for up to a decade, saying he thinks it is “a mistake to assume that we will have high tariffs in perpetuity.”
“I don’t think that would be good economic policy. I am not a fan of tariffs,” the Texas senator told Kudlow, saying he
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