Charles Koch: Corporations need to 'reject' Trump's tariffs

[highplainsdem]

Source: The Hill

Republican donor Charles Koch slammed President Trump's announced tariffs on steel and aluminum and encouraged corporate leaders to reject the plan in an op-ed on Wednesday.

"One might assume that, as the head of Koch Industries — a large company involved in many industries, including steel — I would applaud such import tariffs because they would be to our immediate and financial benefit. But corporate leaders must reject this type of short-term thinking, and we have," Koch wrote in The Washington Post.

Koch went on to describe the "harmful effect" he said the tariffs would have, saying consumers will be hurt the most by the restrictions.

Koch is a free market libertarian who did not contribute to Trump's campaign despite his history as a major Republican donor. He is the latest businessman to speak out against Trump's plan to slap a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum.

Republicans have not lined up behind Trump's announced tariffs either.

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Read more: http://thehill.com/blogs/blog-briefing-room/news/377317-charles-koch-corporations-need-to-reject-trumps-tariffs