The Logical Leftist
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Trump Pal Dumps Millions In Steel Stock Before Tariff
Posted
March 3, 2018
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1,933
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March 3, 2018
1,933
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"Carl Icahn, a former special adviser to Donald Trump, sold $31.3m of shares in a company heavily dependent on steel imports last week, shortly before Trump’s announcement of new tariffs sent its shares plummeting.
Icahn, a billionaire investor who was a major Trump supporter, started selling shares in the crane and lifting equipment supplier Manitowoc Company on 12 February, days before the commerce department first mooted on foreign steel imports.
The news was first reported by Think Progress.
On Thursday Trump said he would press ahead with the commerce department’s plans to levy 25% tariffs on imports of steel and 10% on aluminium."
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