A coverage group based by former Vice President Mike Pence issued a memo to lawmakers Monday highlighting the sharp enhance in lobbying income on account of the Trump administration’s aggressive use of tariffs.
“The truth is that Americans, not foreign countries, pay tariffs. American families know the truth: tariffs hurt hardworking American families while funding the very swamp that President Trump ran on draining. ‘Drain the Swamp’ means stopping the tariff funding for K Street, not growing it,” states the memo from Advancing American Freedom Basis, which was obtained completely by The Hill.
The memo cites a 599 p.c enhance in tariff lobbyist income this 12 months in comparison with 2024, with the entire worth of tariff lobbying contracts totaling roughly $8.8 million, in accordance with Home Clerk Lobbying Disclosures.
It additionally reveals the common tariff lobbying contract from between April and June of this 12 months was up 110 p.c in comparison with the identical time in 2024.
The memo argues tariffs have harm the financial system, and small companies specifically. It factors to information exhibiting financial progress for the 12 months is at simply 1.35 p.c, and information exhibiting monetary markets are nonetheless under the place they have been earlier than Trump introduced a wave of tariffs on imports in early April.
The previous vice chairman has for months warned in opposition to the potential financial impacts of President Trump’s use of tariffs. Advancing American Freedom launched an advert marketing campaign in April pushing again on the tariffs as dangerous for American farmers and shoppers.
Trump final week adopted by on his risk to impose sweeping tariffs on dozens of nations, with some going through as excessive as a 50 p.c tariff, and high buying and selling companions resembling Canada additionally going through steep duties. These “reciprocal” tariffs had been delayed twice, first in April after which in July.
