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Showing Original Post only (View all)Republicans fear Trump's trade war could lead to political wipeout [View all]
Source: The Hill
04/13/25 6:00 AM
Republican lawmakers say theres a good chance that President Trumps trade war will boomerang on Republicans politically in 2026, as rising prices and shrinking growth could offset other accomplishments by the GOP.
Republican senators are pointing to the 1932 and 1982 elections as historical examples of when trade wars and resulting price inflation hurt their party at the ballot box, and they are worried that history could repeat itself.
Many Republican lawmakers view tariffs as a tax hike on American consumers, and some note that the last two times Congress enacted tax hikes on the scale of Trumps recent tariffs, the presidents party suffered a wipeout in the next election.
In the national elections, you can go back to 1982 when I think it was about 26 congressional seats that were lost [by Republicans], said Sen. Thom Tillis (R-N.C.), who will be a top Democratic target in next years midterm election. In 1982, then-President Reagans first midterm election, the House GOP lost 26 seats amid high interest rates and voters sour view of the economy. The Senate GOP lost one seat in that cycle.
Read more: https://thehill.com/homenews/senate/5245595-trump-trade-war-political-dangers/
