•   
  •   
  •   

Offbeat Charles Koch Says Trump Trade Moves May Trigger U.S. Recession

23:00  29 july  2018
23:00  29 july  2018 Source:   bloomberg.com

Koch Network Says Trump Trade Moves Causing Long-Term Damage

  Koch Network Says Trump Trade Moves Causing Long-Term Damage The conservative political network led by billionaire Charles Koch opened a conference in Colorado with sharp criticism of President Donald Trump’s trade policies and leadership style, as it sought to demonstrate a desire for more bipartisan solutions. “The policies right now are hurting people,” Brian Hooks, president of the Charles Koch Foundation and Charles Koch Institute, told reporters Saturday during a briefing. “But they’re also doing very long-term damage to the country.

Billionaire Charles Koch said Sunday he worries President Donald Trump ’ s actions on trade and tariffs put the booming U . S . economy at risk of recession . Like many traditional Republican groups, the network has long opposed protectionism and promoted the benefits of free trade .

Billionaire Charles Koch said Sunday he worries President Donald Trump ’ s actions on trade and tariffs put the booming U . S . economy at risk of recession . “I have no idea,” Koch said in Colorado during a rare on-the-record meeting with reporters. “It depends on the degree.

A worker walks past steel coils at the U.S. Steel Corp. Granite City Works facility in Granite City, Illinois, U.S., on Thursday, July 26, 2018. U.S. President Donald Trump celebrated U.S. Steel Corp's decision to re-employ hundreds of laid-off workers and lamented decades of past leaders' trade policies.: President Trump Speaks On Trade At The U.S. Steel Corp. Granite City Works Facility © Bloomberg President Trump Speaks On Trade At The U.S. Steel Corp. Granite City Works Facility

(Bloomberg) -- Billionaire Charles Koch said Sunday he worries President Donald Trump’s actions on trade and tariffs put the booming U.S. economy at risk of recession.

“I have no idea,” Koch said in Colorado during a rare on-the-record meeting with reporters. “It depends on the degree. Yeah, if it’s severe enough it could.”

The comments came as donors to Koch’s conservative political network are gathered for a three-day meeting at a luxury resort in Colorado Springs.

The network, with more than 700 donors who give at least $100,000 per year, has convened such gatherings twice annually since 2003. Like many traditional Republican groups, the network has long opposed protectionism and promoted the benefits of free trade.

To contact the reporter on this story: John McCormick in Chicago at jmccormick16@bloomberg.net

To contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, Ros Krasny, Mark Niquette

©2018 Bloomberg L.P.

Trump’s Koch Network Feud Risks Splintering GOP Before Elections .
President Donald Trump’s fight with the powerful public policy and political network led by billionaire Charles Koch risks fracturing the Republican Party just as it reaches the critical homestretch of its campaign to keep its congressional majorities in November elections. In what amounts to struggle over the future of the party, the Republican National Committee joined Trump’s attack on the Koch network in a letter to donors released late Thursday that could act to exacerbate a fight with some of the nation’s most influential conservatives.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!