A week before President Trump announced his intention to impose a 25 percent tariff on steel imports, his longtime confidant and one-time adviser Carl Icahn had already cut almost 1 million shares of Wisconsin-based crane manufacturer Manitowoc Company Inc., ThinkProgress reports. The timing of Icahn's $31.3 million dump is suspect, because Manitowoc is a heavily steel-dependent company.
"Commerce Secretary Wilbur Ross publicly released a report on Feb. 16 calling for a 24 percent tariff," notes ThinkProgress. "But, as the chart in the [Securities and Exchange Commission] filing indicates, Icahn started selling his Manitowoc stock on Feb. 12, prior to the public release of that report." Icahn made the SEC filing on Feb. 22.
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