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The billionaire GOP mega-donor Koch brothers will soon launch a million dollar campaign against President Trump’s popular tariffs on trade ahead of the 2018 midterm elections.
Charles and David Koch are two of the Republican Party’s biggest billionaire donors, supporting an agenda of endless, multinational free trade agreements and open borders that keep U.S. wages stagnant.
Koch - Network - Organizations - Americans - Prosperity
The Koch’s network of organizations — Americans for Prosperity, Freedom Partners Chamber of Commerce and the LIBRE Initiative — now say they will be spending the rest of 2018 and millions of dollars defending job-killing free trade deals and opposing Trump’s tariffs on aluminum, steel, and Chinese products.
In a document by the Koch networks, the billionaire donors criticized tariffs on foreign goods as “Protectionist policies” that “create artificial winners and losers, while open trade offers a win-win that delivers the best results for the most people.”
Kochs - Republicans - Country - Trade - Deficits
The Kochs are also pleading with Republicans to ignore the country’s trade deficits with multiple countries, claiming trade deficits are “not proper indicators of healthy trading relationships, economic prosperity, or growth.”
Unmentioned in the document is the detrimental impact that multinational free trade deals like the North American Free Trade Agreement (NAFTA) — currently under re-negotiation by the Trump administration — and KORUS have on American jobs, workers, and wages.
Example - Trade - China - Millions - Americans
For example, since 2001, free trade with China has cost millions of Americans their jobs. In a report by the Economic Policy Institute, between 2001 and 2015, about 3.4 million U.S. jobs were lost due to the country’s trade deficit with China.
Of the 3.4 million U.S. jobs lost in that time period, about 2.6 million were lost in the crippled manufacturing industry, making up about three-fourths of the loss of...
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