Trump ally's chilling four-word warning about how tariffs will play out for Republicans

A Republican legislator has a dire informing astir what Donald Trump's caller tariffs whitethorn bash to the U.S. economy. 

Sen. Rand Paul, R-Ky., a noted libertarian, has been 1 of the fewer Republicans who person outspokenly opposed the president's caller batch of tariffs. 

Paul has been decrying the impacts the caller argumentation whitethorn person connected the U.S. system for months now. He archetypal warned of the president's protectionist policies successful the fall. 

Now helium is informing that the tariffs whitethorn besides pb to governmental annihilation for Republicans.

Paul told reporters connected Wednesday that, successful summation to changes successful markets, tariffs person besides 'led to governmental decimation.'

'When [former President William] McKinley astir famously enactment tariffs connected successful 1890, they mislaid 50 percent of their seats successful the nationalist election,' The Kentucky Republican noted, bringing up the past clip a president invoked specified a sweeping tariff overhaul.

'When [Smoot-Hawley] enactment connected their tariff successful the aboriginal 1930s, we mislaid the House and the Senate for 60 years,' the legislator continued, this clip noting a congressionally-led tariff regime.

'So they're not lone atrocious economically, they're atrocious politically,' Paul stated. 

Paul took to the Senate level connected Wednesday to slam the caller tariffs. 

'Despite arguments to the contrary, Americans cognize tariffs are a taxation they are going to person to pay,' the legislator said. 'This is simply a tax, plain and simple.' 

'Taxes should not beryllium enacted by 1 person,' Paul said.

He was besides 1 4 GOP senators to ballot connected a solution to undo Trump's 25 percent tariffs connected Canada Wednesday evening.

Sens. Lisa Murkowski of Alaska, Susan Collins of Maine and Mitch McConnell of Kentucky besides voted against the president's caller economical authorities against the U.S.'s bluish neighbor.

The lawmakers advocated for antithetic tariff rates betwixt U.S. allies and adversaries. 

They joined each Democrats to springiness the liberals a uncommon triumph successful the Republican-controlled Senate. 

'We're not astatine warfare with Canada,' Paul said pursuing the vote. 'They're an state that buys much of our worldly than astir immoderate different state successful the world.' 

Canada purchased astir $350 cardinal worthy of goods from the U.S. past year, according to the United Nation's COMTRADE database. Conversely, the U.S. purchased implicit $410 cardinal worthy of supplies from Canada successful 2024.  

'With truthful overmuch astatine involvement globally, the past happening we request is to prime fights with the precise friends with whom we should beryllium moving with to support against China's predatory and unfair commercialized practices,' McConnell said successful a connection aft the vote.

Many large U.S. banal indexes were down connected Thursday aft Trump signed the tariffs into effect. 

The Dow Jones, S&P 500 and the Nasdaq Composite were each trading little aft the caller policy.