Koch brothers Take on Trump Tariffs With Multi-Million Dollar Campaign To Support Free Trade

Gage Skidmore via Wikimedia Commons

The billionaire Koch brothers are taking on Donald Trump, the President of the United States of America, by initiating a multi-million dollar campaign as a support for free trade.

The well-known Republican donors control the second-largest private company in the United States that is called the Koch Industries. It has an annual revenue amounting to $115bn (£86bn).

Previously, they have donated millions of dollars to support Republican candidates and several conservative causes including the small government and the free market advocacy.

This week, the new campaign was announced by Koch-backed groups such as the Americans for Prosperity, The LIBRE Initiative, and the Freedom Partners Chamber of Commerce.

The said move comes days after President Trump imposed tariffs on imports of steel and aluminium from Canada, Mexico, and the European Union.

Tim Phillips, the president of Americans for Prosperity, stated: “The Trump administration has taken some incredibly positive steps for the American economy, but tariffs will undercut that progress and needlessly hamstring our full economic potential.”

The said multi-million dollar campaign will include activist education grassroots mobilisation, lobbying and political analysis, and paid media that are intended to oppose tariffs and promote free trade.

The Koch brothers were not full-throated in their support for Donald Trump during the Presidential Elections in 2016. Charles Koch slammed the proposed Muslim registry of Trump. He compared it to Nazi Germany.

In contrast, they spent around $120m on the unsuccessful 2012 effort to overthrow Barack Obama.

However, they have since supported the policy initiatives of President Trump such as his new tax policies and pulling out of the Paris climate accords.

Separately, it was reported by the CNBC that David Koch, who is 78 years old, is set to retire from the Koch Industries because of failing health.

In a letter that was made by Charles Koch, who is 82 years old, he informed employees that he was “deeply saddened” regarding the departure of his brother. He added: “David has always been a fighter and is dealing with this challenge in the same way.”