My advice to Congressional Republicans: fight President Trump’s trade war

GOP Senator John Cornyn recently explained why most Congressional Republicans are reluctant to push back against President Trump’s aggressive economic tariffs:

The (understandable) logic is that Congressional Republicans who defy Trump on these tariffs risk facing his Twitter-wrath which may hurt their reelection chances and/or congressional majority in this November’s midterm election. As a result, they have chosen mostly to keep their heads down rather than to speak out in defense of free trade (with a few notable exceptions), something that has traditionally been a key conservative/Republican priority.

Congressional Republicans should keep in mind, however, that tariffs have historically hurt economic growth. Indeed, the World Bank has recently warned that Trump’s tariffs risk starting a trade war that could cause another global economic recession similar in magnitude to the 2008 recession.

This matters for a variety of reasons, but more to Senator Cornyn’s concern, there is a strong correlation between economic performance and midterm congressional outcomes. When the economy is weak, the president’s party suffers heavy losses. 

Thus, I would advise Republicans who are concerned about maintaining control of Congress in this fall’s midterm elections to do everything they can to oppose President Trump’s recent tariffs. Not only would this demonstrate that their party’s commitment to free-market economic principles is genuine, but it would also help improve their reelection chances this fall.

Further, if President’s Trump’s tariffs do indeed spark a global trade war and a subsequent global economic recession, it will be very, very, very difficult for President Trump to win reelection in 2020, as domestic economic growth during the election year is a key predictor of presidential and election outcomes.

In sum, I predict that congressional Republicans will do more to hurt their chances this November by going along with President Trump’s tariffs than they would by opposing them.

 

 

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