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.
Mason Thompson
Just like you provide proof for your claims about obama and hillary and never slander them :^)
Kevin Morgan
the last trump supporters who can't face the fact that their leader is a habitual liar and that he's everything he said he would fight against has only gotten worse.
Lucas Hughes
Hillary sure made a good call selling off those cattle futures.
Cooper Scott
more than a good call - didn't she turn 10k into 100k or something like that?
Grayson Lopez
5D CHESS
Jack Green
Don't forget this is also Gov. McAuliffe had been investigated for recently.
Cameron Collins
You cant' arrest a joo on basis for being a joo. You arest him for his meddling.
If dubs, he's going to jail for insider trading. 4D chess again. Stupid hooknose fell into trap.
Leo Wood
Thats a bit strange.
US steel is about to see a huge resurgence because the tariffs give them a compettitive advantage against foreign producers. If a Trump confidant had purchased millions of steel stocks I could understand why people would be suspicious but selling them is just illogical.
Jackson Taylor
It's already been said why in this thread. the price will go up, sales/demand will go down, steel dependent businesses and jobs will disappear. It says in the OP that "stock in a company that depends on steel "
Michael Torres
sorry, it wasn't mentioned in this thread, but in other threads on the tariff topic Bush Jr. tried this same tariff on steel in 2002 and it lead to 200,000 jobs lost
Anthony Young
Wow he just drained the swamp by killing the drain the swamp movement and enriching Jews!
Justin Diaz
Half the country is on food stamps despite the fact that they work and a million don't have their own residence at all and this dude who has contributed nothing useful to society pressed a button to make 30 million but a 15 dollar minimum wage that let's you live without social programs and maybe have some room to fucking advance yourself will destroy the economy because shut up golem that's the way it is Ivanka needs a new fur coat before you can have a tiny ass room as shelter!
Wyatt Johnson
Kys, retard.
Xavier Ward
Trump supporter’s main weapon in their meme armoury is pure, unadulterated cringe. I wish you guys could see how much you’re embarrassing yourself.
