Koch Network Official Says Trump Tariffs Are ‘Crony Capitalism’
- Billionaire brothers are supporters of free-market economy
- Conservative groups will play key role in midterm elections
Trump Signs Tariff Order on Metals With Flexibility for Allies
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The political network backed by billionaires Charles and David Koch isn’t happy about the steel and aluminum tariffs proposed by President Donald Trump and is mobilizing grass-roots activists in 36 states against them.
“The tariffs are, in many ways, crony capitalism,” James Davis, the network’s top spokesman, told reporters and editors Thursday at Bloomberg’s Washington bureau. “It’s supporting a few jobs, potentially, at the expense of many.”