While Alaska business owners are facing uncertainty and higher costs because of Sullivan’s trade war, new reporting from The New York Times reveals that Sullivan has “been rewarded” for backing tariffs after RPM International – the multibillion-dollar chemical company that represents Dan Sullivan’s “biggest single financial holding” – raised costs on customers and paid record dividends to shareholders.

“While Alaska’s businesses and consumers alike are being hammered by Dan Sullivan’s tariffs, those same tariffs are lining his pockets,” said Alaska Democratic Party Chair Eric Croft. “We deserve a senator who is fighting for us, not his stock portfolio – Alaskans will remember this disqualifying behavior at the ballot box in November when they vote Dan Sullivan out.”

Alaska business owners say that “prices are going up” and “there’s times that you have to raise prices” for customers, but “fifty percent is a lot.”

Canada is one of Alaska’s top trading partners as Alaska imports more than $1 billion in goods annually and exports more than $600 million in goods to Canada. Despite Alaska being “uniquely vulnerable” to the impact of Dan Sullivan’s price-hiking tariffs, Sullivan “did not respond to requests for comment” on the new 50 percent tariff proposed on Canadian goods, despite Alaskans facing a cost of living crisis that he created. 

Reporting from the New York Times revealed that in response to Sullivan’s tariffs, his biggest financial holding, RPM International, “relocated manufacturing […] and raised prices” on consumers and “[paid] out nearly $350 million in cash dividends and stock buybacks, a 7.3 percent increase over the prior year” for shareholders – including Senator Sullivan.