For the first time ever billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports.
Trump confidant dumped millions in steel-related stock last week
In a little-noticed SEC filing submitted on February 22, 2018, Icahn disclosed that he systematically sold off nearly 1 million shares of Manitowoc Company Inc. Manitowoc is a ?is a leading global manufacturer of cranes and lifting solutions? and, therefore, heavily dependent on steel to make its products.