For decades, politicians have sold tariffs as a tonic for the working class. In reality, one particular group seems to benefit more than any other from trade wars: Washington influence peddlers.
The United States collected some $288.5 billion in tariff revenue last year, up from $98.3 billion in 2024, thanks to a barrage of new levies imposed by the Trump administration. These tariffs, designed by elite lawyers in D.C. and implemented with highly technical and specialized language, presented a unique opportunity for lobbyists to charge large corporations exorbitant rates to seek relief and other carveouts. And they did very well for themselves.
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