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Secret recordings reportedly show Senator Ted Cruz privately warning donors that President Donald Trump’s tariff plans could damage markets and economic confidence.
The remarks were made during closed-door meetings in 2025 as Trump threatened a 100% tariff on Canadian imports.
Cruz allegedly warned that sharp tariff hikes could drive inflation higher and weaken retirement accounts ahead of the 2026 elections.
“Trump was in a bad mood,”
Cruz allegedly told donors, adding that the president was “yelling” and “cursing” during a late-night call.
Analysts said aggressive tariffs could push up energy and consumer prices, increasing macroeconomic stress across financial markets.
Higher inflation and market volatility are seen as key factors influencing bitcoin and broader crypto pricing.
Cruz, a vocal pro-Bitcoin lawmaker, has argued that tariffs act as taxes on Americans and undermine free markets.
He has previously warned that higher energy costs could hurt US-based bitcoin mining competitiveness.
The recordings highlight a growing Republican divide between trade nationalism and pro-market, pro-Bitcoin policy.
Market observers said escalating trade tensions could increase short-term volatility across risk assets, including crypto.
The dispute underscores how US trade policy debates are increasingly intersecting with bitcoin and digital asset markets.
At the time of reporting, Bitcoin price was $86,471.17.