New York billionaire Carl (((Icahn))), a longtime ally of President Trump who briefly served in the administration, sold $31 million in stock in a company that depends on steel just weeks before the president announced steep tariffs on imported steel, a new report said Friday.
In a filing submitted to the Securities and Exchange Commission on Feb. 22, Icahn revealed that he had dumped nearly a million shares of Manitowoc Company Inc., according to ThinkProgress, a left-leaning public policy website.
The company was described as a top global manufacturer of cranes and other heavy equipment that relied heavily on steel for its products.
Days later, Trump announced a 25 percent tariff on steel imports and a 10 percent tariff on imported aluminum — a move which some of his top economic advisers and GOP lawmakers opposed, and which set Wall Street reeling.
Manitowoc stock tanked, losing about 6 percent of its value, and Reuters blamed the drop on the fact that Manitowoc was a “major consumer of steel.”
Icahn had not actively traded Manitowoc stock until February, the website reported, making no purchases or sales between January 2015 and Feb. 11.
The report does not allege wrongdoing, but notes that “Carl Icahn has impeccable timing.”
If you can prove that a crime was committed then arrest him for the crime he committed. What is the problem?
Dylan Phillips
this
Adrian Ward
Wow, it is practically nothing. Trump haters are grasping at straws as usual.
Robert Gutierrez
He was saying he wanted tariffs back on the campaign trail why is everybody so fucking surprised about this?
Jonathan Lewis
why tip toe around the subject faggots,you think he got inside info?then prove it. It is suspicious yes,wouldn't suprise anyone if it came out he did in fact know beforehand,but don't be passive aggressive little bitches and imply that trump did something but when pushed go fuck off,come out with proof if you're so sure of it.Otherwise it's slander as usual.
Sebastian Rivera
There was a news article out saying Trump was gonna enact these tarrifs before Icahn made his trades. Cool fake news up in Zig Forums.
