On Thursday white supremacist in chief Donald Trump annoucned that he would be announcing tariffs on steel and aluminum sometime soon.
One of the many swamp creatures Donald Trump invited into the white house was billionaire investor Carl Icahn—who became Trump’s “special adviser on regulatory matters” at the beginning of Trump’s term in office. For Icahn that meant telling Donald Trump to fix any and all regulations that affected Carl Icahn interests.
in one of the great coincidences in the history of coincidences, Carl Icahn seems to have made out pretty well in this announcement.
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.
The filing came just seven days before a White House event where Trump announced his intention of imposing a 25 percent tariff on steel imports.