Charles Koch: Corporations need to 'reject' Trump's tariffs
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Republican donor Charles Koch slammed President TrumpDonald John TrumpJudge rules to not release Russia probe documents over Trump tweets Trump and advisers considering firing FBI director after election: WaPo Obama to campaign for Biden in Florida 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. 


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: Power players play chess match on COVID-19 aid | Pelosi bullish, Trump tempers optimism | Analysis: Nearly 1M have run out of jobless benefits Trump casts doubt on hopes for quick stimulus deal after aides expressed optimism Power players play chess match on COVID-19 aid 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 RyanMcCarthy faces pushback from anxious Republicans over interview comments Pelosi and Trump go a full year without speaking Jordan vows to back McCarthy as leader even if House loses more GOP seats 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.