Koch Family

Koch network admits defeat on anti-Trump trade war ad campaign

Charles Koch
Charles Koch. Photo: Patrick T. Fallon for The Washington Post via Getty Images

The network funded in part by billionaire and Republican megadonor Charles Koch is shifting gears in its efforts to combat President Donald Trump's trade war with China, CNBC reports, after sources told the outlet that its TV ad campaign has fallen flat.

Why it matters: Leaders of the network told CNBC that the argument they're selling to voters — that tariffs are costing American consumers — isn't resonating. "It doesn’t penetrate with the people that are willing to go along with the argument that you have to punish China," a senior Koch official told CNBC.

Billionaire and conservative mega-donor David Koch dies at 79

Billionaire David Koch
Photo: Paul Zimmerman/WireImage/Getty Images

David Koch, a billionaire libertarian who supported conservative causes and campaigns, died at the age of 79, according to an announcement from his family on Friday.

Why it matters: Koch and his brother Charles built a massively influential network of donors that backed politicians who supported economically conservative policies, though he stepped away from his work last year due to his deteriorating health. The Koch network has faced criticism from President Trump throughout his tenure — notably due to breaks on immigration and trade — and said it would not support his re-election efforts earlier this year.

Go deeper: The Koch network is open to backing Democrats in 2020