Charles Koch: Corporations need to 'reject' Trump's tariffs
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Republican donor Charles Koch slammed President TrumpDonald TrumpMajority of Americans in new poll say it would be bad for the country if Trump ran in 2024 ,800 bottle of whiskey given to Pompeo by Japan is missing Liz Cheney says her father is 'deeply troubled' about the state of the Republican Party MORE'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. 

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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.

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellOn The Money: Trump asks court to block release of tax returns to Congress | Private sector adds 330K jobs in July, well short of expectations Senate panel advances first three spending bills McConnell lays out GOP demands for government-funding deal MORE (R-Ky.) said on Tuesday he has "genuine concern" the tariffs could lead to a trade war. 

"I think the best way to characterize where most Republican senators are right now, including myself, is genuine concern that this not escalate into something much broader," McConnell said. 
 
Speaker Paul RyanPaul Davis RyanTo cut poverty and solve the labor shortage, enhance the Earned Income Tax Credit Wisconsin GOP quietly prepares Ron Johnson backup plans RealClearPolitics reporter says Freedom Caucus shows how much GOP changed under Trump MORE (R-Wis.) has also voiced concerns over the tariffs, with his office issuing a statement saying Ryan was “extremely worried about the consequences of a trade war” triggered by the tariffs.
 
The European Union has said it will consider slapping its own tariffs on major U.S. imports such as bourbon and Harley-Davidson motorcycles, which could have major impacts on McConnell's and Ryan's home states. 
 
However, Trump has maintained that tariffs will help the U.S., which he said has been on the losing side of trade.