Charles and David Koch are two of the GOP Party’s biggest billionaire donors. Charles just said that he and his network of libertarian organizations are “working hard against” the president’s pro-American trade agenda. Instead, they are supporting an agenda of ongoing multinational free trade agreements and open borders, which in effect, will keep U.S. wages frozen.
During an interview with the “Washington Examiner,” Koch suggested that Trump’s 25 percent tariff on imported steel and his 10 percent tariff on aluminum would potentially lead to socialism, instead of reviving the U.S. manufacturing base.
“The less trade we have the worse everybody is. I mean, the less exports we have the less imports we have and that makes us worse off. And the more we isolate ourselves, the less we learn of improvements and developments and innovations around the world,” Koch said.
“We’re working hard against all these other protectionist trade barriers that are just different forms of corporate welfare which, other than a few special interests, will make Americans worse off,” he continued.
This is just the latest effort in a year-long battle the Koch brothers have waged against Trump’s trade and immigration agenda. It seems that these billionaire donors are out of touch with the majority of Americans on the issue of trade. In a recent Morning Consult poll, it was revealed that almost 60 percent of Americans believe tariffs on imported Chinese steel and aluminum are necessary for U.S.-China economic relations.
It appears that the brothers prefer a continuation of cheap labor, free trade and the American workers’ wages remaining stagnant. And for that model to work, the country must rely on 1.5 million illegal and legal immigrants being allowed to enter America every year.
Free trade with China has caused the elimination of millions of U.S. 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. 2.6 million of those jobs were lost in the declining manufacturing industry, making up about three-fourths of the loss of jobs from the U.S.-Chinese trade deficit.
The Rust Belt has been decimated because of U.S. free trade with Mexico. In total, about 700,000 U.S. workers have been displaced, including:
•14,500 American workers displaced in Wisconsin
•43,600 American workers displaced in Michigan
•2,600 American workers displaced in West Virginia
•26,300 American workers displaced in Pennsylvania
•34,900 American workers displaced in Ohio
•34,300 American workers displaced in New York
•6,500 American workers displaced in Iowa
•24,400 American workers displaced in Indiana
•34,700 American workers displaced in Illinois
Since the North American Free Trade Agreement (NAFTA) took effect in the 1990s, at least one million net U.S. jobs have been lost because of the free trade deal. From 2000 to 2014, there have been about five million manufacturing jobs lost across the country as trade deficits continue rising.
Are the Koch brothers out of touch with the American people?