Jun 07, 2018

What They are Saying: Freedom Partners, AFP and The LIBRE Initiative Trade Campaign

Post by Freedom Partners

WaPo: “…the Koch brothers’ political network is stepping into the breach, launching…a multiyear, multimillion-dollar campaign to knock down the new trade barriers.”

CNBC: “…PR blitz is determined to show the benefits of open trade policies.”

The recent announcement of a multi-year, multimillion-dollar campaign by Freedom Partners, Americans for Prosperity (AFP) and The LIBRE Initiativeto promote the benefits of trade has sparked a renewed interest in the issue and triggered some noteworthy observations in the media.

  • Congressional Republican leaders may be unwilling for now to do more than voice their objections to billions of dollars in tariffs the administration is moving to impose on imports from around the globe. But the Koch brothers’ political network is stepping into the breach, launching what its executives are framing as a multiyear, multimillion-dollar campaign to knock down the new trade barriers.” (“Trump draws powerful enemy in trade fight: the Koch brothers,” WashingtonPost.com The Finance 202, 6/5/18)
  • Keeping the Koch brothers and their donors happy is important for Republicans in an election year, especially as Democrats show signs of momentum as they campaign to win the 23 seats they need to gain control of the House after the November election.” (“Koch Network Planning Major Campaign Against Trump’s Tariffs,” Bloomberg, 6/4/18)
  • “The groups said they would advocate that Trump reduce or eliminate trade barriers by modernizing the North American Free Trade Agreement (NAFTA) and returning to the negotiating table on the Trans Pacific Partnership (TPP). Congress should abolish farm subsidies on crops, commodities and crop insurance and end subsidies for green energy as well as repeal the ‘buy America’ requirement and the Jones Act, which requires goods shipped between U.S. ports to be carried on ships that are domestically owned.” (“Free trade puts Republican megadonors on collision course with Trump,” Reuters, 6/4/18)
  • The effort is an indication of the deep consternation among business groups – normally strong Republican allies – about the effect of the tariffs, which have angered foreign countries, rivals and allies alike. It also serves as a message to Republican lawmakers to hold their ground against tariffs.” (“Koch-Financed Groups Launch Campaign to Halt U.S. Import Tariffs,” The Wall Street Journal, 6/4/18)
  • The group may find fertile ground in Congress. Already, five Republican senators have signed on to an effort to rein in executive authority in imposing certain trade barriers.” (“Koch groups launch multimillion campaign against Trump tariffs,” The Hill.com, 6/4/18)